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avonsluv8809
avonsluv8809
09.07.2019 • 
Business

Nabisco company's balance sheet accounts follow: at december 31 2010 2009 2008 assets cash $ 36,229 $ 42,780 $ 44,562 accounts receivable, net 106,073 76,377 57,087 merchandise inventory 137,408 98,929 62,038 prepaid expenses 11,548 11,003 4,903 plant assets, net 335,317 311,062 272,710 total assets $ 626,575 $ 540,151 $ 441,300 liabilities and equity accounts payable $ 157,577 $ 94,024 $57,087 long-term notes payable secured by mortgages on plant assets 116,618 127,962 99,478 common stock, $10 par value 163,500 163,500 163,500 retained earnings 188,880 154,665 121,235 total liabilities and equity $ 626,575 $ 540,151 $ 441,300 the company's income statements for the years ended december 31, 2010 and 2009, follow: for year ended december 31 2010 2009 sales $ 685,000 $ 557,000 cost of goods sold $ 417,850 $ 356,265 other operating expenses 207,282 141,971 interest expense 8,175 8,960 income taxes 12,900 12,450 total costs and expenses 646,207 519,646 net income $ 38,793 $ 37,354 earnings per share $ 2.37 $ 2.28 compare the company's long-term risk and capital structure positions at the end of 2010 and 2009 by computing the following ratios. [from wild: fundamental accounting principles, 19e (0073379549): e17-9] (b) debt-to-equity ratio. (round your answers to 2 decimal places.)

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