# Calculate the current ratio for each year.

Exercise 2-11 Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.)2017 2016 Current assets\$ 925,359 \$1,020,834 Total assets 1,963,676 1,867,680 Current liabilities 401,763 376,178 Total liabilities 554,645 527,216 Net income 179,061 400,019 Net cash provided by operating activities 302,193 464,270 Capital expenditures 265,335 250,407 Dividends paid on common stock 82,394 80,796 Weighted-average shares outstanding 205,169 216,119(a)Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.)(b)Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.)(c)Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, e.g. 29.5%.)(d)Calculate the free cash flow for each year. (Enter amounts in thousands. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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Calculate the current ratio for each year. was first posted on July 10, 2019 at 6:25 am. 