Question: Just need the help with the red x numbers where they come from Homework: Ethics Assignment i Check my work mode : This shows what

Just need the help with the red x numbers where they come from

Just need the help with the red x numbers where
Homework: Ethics Assignment i Check my work mode : This shows what 9 At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 27, 541 $ 31, 237 $ 32, 535 Accounts receivable, net 80, 613 56, 896 45, 616 Merchandise inventory 97, 381 73, 709 49, 072 8, 869 8, 367 3,727 Part 1 of 3 Prepaid expenses Plant assets, net 247, 774 228, 220 207, 850 Total assets $ 462, 178 $ 398,429 $ 338, 800 Liabilities and Equity 214 Accounts payable $ 113,931 $ 65,988 $ 44 , 274 points Long-term notes payable 84, 283 92, 555 75, 624 Common stock, $10 par value 162, 508 162, 500 162,500 Retained earnings 101, 464 77, 386 56, 402 Total liabilities and equity $ 462, 178 $ 398, 429 $ 338, 800 The company's Income statements for the current year and one year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 600, 831 $ 474, 131 Cost of goods sold $ 366, 507 $ 308, 185 Other operating expenses 186, 258 119,955 Interest expense 10,214 10, 905 Income tax expense 7,811 7, 112 Total costs and expenses 570, 798 446 , 157 Net income $ 30,041 $ 27,974 Earnings per share $ 1.85 $ 1.72 For both the current year and one year ago, compute the following ratios: (1) Compute debt and equity ratio for the current year and one year ago. X Answer is complete but not entirely correct. Debt Ratio Numerator: Denominator: = Debt Ratio Total liabilities Total assets Debt ratio Current 360.714 X S 462. 178 - 78.0 % Year: 1 Year Ago: 321,043 X 1 s 398.428 = 80.6 % Equity Ratio Numerator: Denominator: Equity Ratio Total equity Total assets Equity ratio Current 462,178 X S 462,178 100.0 % Year: 1 Year Ago: S 321.043 X 398,429 80.6 % Mc

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