The company's income statements for the current year and one year ago, follow. 1 Year Ago For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per' share i Current Year: 1 Year Ago: Current Year: 1 Year Ago: Numerator: Current Year Numerator: $ 459,536 233,534 (1) Compute debt and equity ratio for the current year and one year ago. 12,807 9,793 Debt Ratio $ 753,337 Denominator: Equity Ratio 715,670 $ 37,667 $2.32 Denominator: W " M # $ 386,409 150,402 13,673 8,917 Debt Ratio Debt ratio Equity Ratio. Equity ratio $ 594,476 559,401 $ 35,075 $ 2.16 % % % %
The company's income statements for the current year and one year ago, follow. 1 Year Ago For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per' share i Current Year: 1 Year Ago: Current Year: 1 Year Ago: Numerator: Current Year Numerator: $ 459,536 233,534 (1) Compute debt and equity ratio for the current year and one year ago. 12,807 9,793 Debt Ratio $ 753,337 Denominator: Equity Ratio 715,670 $ 37,667 $2.32 Denominator: W " M # $ 386,409 150,402 13,673 8,917 Debt Ratio Debt ratio Equity Ratio. Equity ratio $ 594,476 559,401 $ 35,075 $ 2.16 % % % %
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 39E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...
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