Please explain proper steps by Step and Do Not Give Solution In Image Format ? And Fast Answering Please ? to)KExamine the following selected financial information for The Deal in Town Corporation and Just For You Stores, Inc., as of the end of their fiscal years ending in(Click the icon to view the financial information.)2021:Read the requirements.1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose ofcalculating ratios in this exercise. (Round your answers to two decimal places, X.XX. Enter amounts in millions as provided to you in the problem statement.)1. Total assets2. Total Stockholders' equity3. narating income.The Deal in Town JustFor You Stores,CorporationInc.$$S(In16,830 $3,078 $1650 $millions)203,11571,63027 410 Data tableTable1. Total assets2. Total common stockholders' equity3. Operating income4. Interest expense5. Leverage ratio6. Total debtData tableShow Transcribed TextG1. Total assets2. Total common stockholders' equity3. Operating income4. Interest expense5. Leverage ratio6. Total debt7. Debt ratio8. Times interest earnedThe Deal inTownCorporationRequirements$$$$$$(In millions)16,830 $3,078 $1,650 $91 $JustFor YouStores, Inc.Show Transcribed Text203,11571,63027,4102,054Corporation Stores, Inc.(In millions)16,830 $3,078 $1,650 $91 $203,11571,63027,4102,0541. Complete the table, calculating all the requested information for the twocompanies. Use year-end figures in place of averages where needed for thepurpose of calculating the ratios in this exercise.2. Evaluate each company's long-term debt-paying ability (strong..medium, weak).X

Leverage ratio :— It is calculated by dividing total debt by total equity. Debt :— It is…

Data table Table 1. Total assets 2. Total common stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt Data table The Deal in Town Corporation 1. Total assets 2. Total common stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt 7. Debt ratio 8. Times interest earned $ $ $ $ Show Transcribed Text $ $ (In millions) 16,830 $ 3,078 $ 1,650 $ 91 $ Corporation JustFor You Stores, Inc. Show Transcribed Text (In millions) 16,830 $ 3,078 $ 1,650 $ 91 $ 203,115 71,630 27,410 2,054 Stores, Inc. 203,115 71,630 27,410 2,054

Data table Table 1. Total assets 2. Total common stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt Data table The Deal in Town Corporation 1. Total assets 2. Total common stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt 7. Debt ratio 8. Times interest earned $ $ $ $ Show Transcribed Text $ $ (In millions) 16,830 $ 3,078 $ 1,650 $ 91 $ Corporation JustFor You Stores, Inc. Show Transcribed Text (In millions) 16,830 $ 3,078 $ 1,650 $ 91 $ 203,115 71,630 27,410 2,054 Stores, Inc. 203,115 71,630 27,410 2,054

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 8EA: Using the following select financial statement information from Black Water Industries, compute the...

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