Question: how do I solve these questions step-by-step? Simon Company's year-end balance sheets follow Current Yes 1 Yes Ats S 35,16 0,75 122, 10,00 30,32 5577,692



Simon Company's year-end balance sheets follow Current Yes 1 Yes Ats S 35,16 0,75 122, 10,00 30,32 5577,692 $15,443 69,721 93,74 10,154 284,519 $ 40,001 54,220 61, 12 4,565 256,764 419,200 Atunts receivable, et merchandise inventory Prepaid expenses Pant assets, Totalt Libilities and quity Accounts payable Long ter notes able Con stock, 510 por value standart Total ilities and equity $ 146,722 10,50 19,036 5572,692 $ 35,00 111,106 163,500 110,19 $ 498,010 $ 53,674 91,712 162,500 111,109 For both the current year and one year ago, compute the following ratios Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 The company's income statements for the current year and one year ago Follow or become 1 Year Current year $751,000 $ 592,652 233,120 12,767 $385,211 143,936 13,61 Cost of goods sold other operating expenses Interest Expense The tax expense Total costs and expenses t Inc Earnings per share 20,45 $ 37,5 52.31 557,667 $ 34,905 $ 2.15 (1) Debt and equity ratos (2) Compute debt-to equity ratio for the current year and one year ago (2-6) Based on debt-to-equity ratio, does the company have more or less debe in the current year versus one year ago (3-a) Times interest eamed (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required Required 2A Required 28 Required SA Required 38 Compute debt and equity ratio for the current year and one year ago Debt Ratis Numerator Denominator Total abilities Total assets Current Year 3 907055 7510001 - 1 Year Agos 5 69.721 s 592 632 - Equity Ratio Numerator Denominator: Debt Ratio Debt ratio 132 118 % Current Year 1 Year Age: Equity Ratio Equity ratio 0 % 0 % Required 2A > Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3A Required 38 Compute debt-to-equity ratio for the current year and one year ago. Debt To Equity Ratio Numerator Denominator: Total abilities Total equity Current Year: - Debt-To Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 1 Year Agor (Required 1 Required 28 > Complete this question by entering your answers in the tabs below. Required 2A queda equired Required 38 Compute times interest earned for the current year and one year ago Tunca. Interested Numero: Denominator income before were expense and income tax expense terest expense Times Interest Earned Times interest earned omes Crent Year: 1 Ye Age 4 tumes Required 20 Required 30
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