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 $ 924,000 $953,100 total assets 1,940,000 1,869,000 current liabilities 420,000 353,000 total liabilities 554,840 534,534 net income 177,480 321,000 net cash provided by operating activities 298,000 485,700 capital expenditures 259,000 279,500 dividends paid on common stock 79,000 113,900 weighted-average shares outstanding 204,000 214,000 (a) calculate the current ratio for each year. (round answers to 2 decimal places, e. g. 15.25.) 2017 2016 current ratio enter the ratio rounded to 2 decimal places : 1 enter the ratio rounded to 2 decimal places : 1

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor. required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)