Chapter 9.13 Project Accounting Erickson.xlsx - Long-Term Liabilities Calculate the leverage ratio debt ratio and times-interest-earned ratio and

Chapter 9.13 Project Accounting Erickson.xlsx - Long-Term...

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Long-Term Liabilities Calculate the leverage ratio, debt ratio, and times-interest-earned ratio, and evaluate debt-paying (In millions) Simple Stores, Inc. 1. Total assets $ 16,870 $ 203,130 2. Total common stockholders’ equity $ 3,080 $ 71,310 3. Operating income $ 1,400 $ 26,930 4. Interest expense $ 87 $ 2,050 5. Leverage ratio 6. Total debt 7. Debt ratio 8. Times interest earned Use the blue shaded areas on the ENTERANSWERS tab for inputs. Requirement Complete the table, calculating all the requested information for the two companies. a. Use year-end figures in place of averages where needed for the purpose of calculating th b. Calculate the debt ratio as a decimal. Saving & Submitting Solution 1 Save file to desktop. a. Create folder on desktop, and label COMPLETED EXCEL PROJECTS 2 Upload and submit your file to be graded. a. Navigate back to the activity window - screen where you downloaded the initial spreads b. Click Choose button under step 3; locate the file you just saved and click Open c. Click Upload button under step 3 d. Click Submit button under step 4 Viewing Results
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Unformatted text preview: 1 Click on Results tab in MyAccountingLab 2 Click on the Assignment you were working on 3 Click on Project link; this will bring up your Score Card 4 Examine the following selected financial information for The Deal Corporation and Simple Stores, In their fiscal years ending in 2018: The Deal Corporation Always use cell references and formulas where appropriate to receive full credit. If you copy/pas Instructions tab you will be marked wrong. Within Score Card window, click on Live Comments Report (lower right) to download spreads feedback g ability he ratios. sheet nc., as of the end of ste from the sheet with Complete the table, calculating all the requested information for the two companies. Simple Stores, Inc. 5. Leverage ratio 5.48 2.85 6. Total debt $ 13,790 $ 131,820 7. Debt ratio 0.82 0.65 8. Times interest earned 16.1 13.1 (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) The Deal Corporation...
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