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Express the balance sheets in common size percents

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Reference no: EM13897200

Refer to the Simon Company information in Exercises 17 7 and 17 9. Compare the company's long  term risk and capital structure positions at the end of 2014 and 2013 by computing these ratios: In Exercise 17 7, Simon Company's year end balance sheets follow. Express the balance sheets in common  size percents. Round amounts to the nearest one  tenth of a percent.

1893_267-B-M-A-F-S-A (1342)-1.png

In Exercise 17 9, The company's income statements for the years ended December 31, 2014 and 2013 follow. Assume that all sales are on credit and then compute: 

1707_267-B-M-A-F-S-A (1342)-2.png

(1) Debt and equity ratiospercent rounded to one decimal, 

(2) Debt to equity ratiorounded to two decimals, 

(3) Times interest earnedrounded to one decimal. Comment on these ratioresults.

Reference no: EM13897200

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