1) The following percentages were computed using figures from recent annual reports of Weis Markets, a large grocery store chain, and Sprint Corporation, a provider of telecommunication services Weis Sprint Allowance for doubtful accounts as a percentage of net sales 0 06 0 59 Accounts receivable as a percentage of net sales 2 5 6 6 Why are Sprint's percentages so much larger than Weis Markets' percentages (You may select more than one answer Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer Any boxes left with a question mark will be automatically graded as incorrect ) check all that apply Sprint Corporation generates a large volume of credit sales from individuals unanswered Sales made on account by grocery chains are often to individuals unanswered Larger percentage of sales made by Weis, are cash sales unanswered All sales of Sprint Corporation are made on account unanswered Sprint Corporation generates a large volume of credit sales from institutional customers unanswered Institutional customers pose a greater credit risk than individuals 2) The Home Depot, Inc , financial statements appear in Appendix A Use these statements to answer the following questions a 1 What is the total dollar value of the companys current assets for the most current year reported a 2 Has that amount increased or decreased in the most current year b Does the company report any investments in marketable securities c Home Depot has several types of receivables which are combined which into a single receivables amount in the balance sheet Which type of receivables comprises the largest portion of total receivables d On average, for how many days do the companys accounts receivable remain outstanding before collection Open in Acrobat e IC 0 DOLL FO 10 FAD Open in Acrobat kaat BLO M M O SA 3 DELL FB F10 11 276 44 BE BB Butler 0 O 3 Den Connect Production accounting Wiliam 019 Mopedia Ad Vlaking Oana Cuti 216 44 cabeceita dei 0 M O THE WOWOTERMINE AY DOLL UCU 44 e O 0 c DELL D Open in Acrobat e IC 0 DOLL FO 10 FAD Open in Acrobat kaat BLO M M O SA 3 DELL FB F10 11 276 44 BE BB Butler 0 O 3 Den Connect Production accounting Wiliam 019 Mopedia Ad Vlaking Oana Cuti 216 44 cabeceita dei 0 M O THE WOWOTERMINE AY DOLL UCU 44 e O 0 c DELL D

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1) The following percentages were computed using figures from recent annual reports of Weis Markets, a large grocery store chain, and Sprint Corporation, a provider

The following percentages were computed using figures from recent annual reports of Weis Markets, a large grocery store chain, and Sprint Corporation, a provider of telecommunication services.

	Weis		Sprint
Allowance for doubtful accounts as a percentage of net sales	0.06	%	0.59	%
Accounts receivable as a percentage of net sales	2.5		6.6

Why are Sprint's percentages so much larger than Weis Markets' percentages? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

check all that apply

Sprint Corporation generates a large volume of credit sales from individuals.unanswered
Sales made on account by grocery chains are often to individuals.unanswered
Larger percentage of sales made by Weis, are cash sales.unanswered
All sales of Sprint Corporation are made on account.unanswered
Sprint Corporation generates a large volume of credit sales from institutional customers.unanswered
Institutional customers pose a greater credit risk than individuals.

The Home Depot, Inc., financial statements appear in Appendix A. Use these statements to answer the following questions:

a-1. What is the total dollar value of the companys current assets for the most current year reported?

a-2. Has that amount increased or decreased in the most current year?

b. Does the company report any investments in marketable securities?

c. Home Depot has several types of receivables which are combined which into a single receivables amount in the balance sheet. Which type of receivables comprises the largest portion of total receivables?

d. On average, for how many days do the companys accounts receivable remain outstanding before collection?

Open in Acrobat . e IC 0 DOLL FO 10 FAD Open in Acrobat kaat BLO . M M O SA 3 DELL FB F10 11 276-44 + BE BB Butler 0 O 3 Den Connect Production/accounting Wiliam 019/Mopedia Ad Vlaking Oana Cuti 216 44 + cabeceita dei 0 M O THE WOWOTERMINE AY DOLL UCU 44 e . O 0 c DELL D Open in Acrobat . e IC 0 DOLL FO 10 FAD Open in Acrobat kaat BLO . M M O SA 3 DELL FB F10 11 276-44 + BE BB Butler 0 O 3 Den Connect Production/accounting Wiliam 019/Mopedia Ad Vlaking Oana Cuti 216 44 + cabeceita dei 0 M O THE WOWOTERMINE AY DOLL UCU 44 e . O 0 c DELL D