Question: ons What is the debt ratio (using total liabilities)? Use the attached financial data to calculate the ratios for 2021. Round to the nearest decimal.
ons What is the debt ratio (using total liabilities)? Use the attached financial data to calculate the ratios for 2021. Round to the nearest decimal. V Financial Data for American Eagle Outfitters (AEO) V 2021 2020 V Revenues $5,011 $3,759 Cost of Sales 3,019 2,611 Total Operating Expenses 1,222 977.3 Interest Expense 34.6 24.6 Income Tax Expense 139.3 83.0 Cash + Equivalents 434.8 850.5 A/R 286.7 146.1 Inventories 553.5 405.4 Prepaid Expenses 122 121 Total Current Assets 1,397 1,523 Total Assets 3,787 3,435 A/P 231.8 255.9 Total Current Liabilities 842.9 858.5 Long-term Debt 341.0 325.3 Select one A. 15.3% B. 62.4% C. 52.2%
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