Briefly and separately discuss the information provided on each topic of debt and equity...

Question:

Briefly and separately discuss the information provided on each topic of debt and equity separately on Dollar General.

Dollar General 2016 2015 in thousands
Total assets 11,257,885 11,208,642
Total current liabilities (short term) 1,995,596 1,962,472
Total shareholders' equity 5,377,876 5,710,038
Total liabilities and shareholder,s equity 11,257,885 11,208,642

Long-Term Liability:

The long term liabilities are those liabilities that are mentioned in the balance sheet having the time limit of more than 1 year. The less than 1-year time limit is known as the short-term liability.

Answer and Explanation:

2016 2015
Total asset 11,257,885 11,208,642
Total current liability 1,995,596 1,962,472
total shareholder equity 5,377,876 5,710,038
total liability 3,884,413 3,536,132
debt/equity 0.722295 0.619283

Company's long term liability has increased which means it has taken more long term loan which is not a good sign as a company has to make periodic payment of interest .more debt the company has riskier company is


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Accounting for Long-Term Liabilities

from Accounting 101: Financial Accounting

Chapter 10 / Lesson 6
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