Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate and comment on your companys Days Sales in Receivables (average collection period) for the current year and prior year (for the prior year, you

Calculate and comment on your companys Days Sales in Receivables (average collection period) for the current year and prior year (for the prior year, you may use the net A/R balance from that year instead of finding the average). Assume your companys credit terms are 2/10, n/30.

image text in transcribed

image text in transcribed

CONSOLIDATED BALANCE SHEETS (dollars in thousands) December 30, 2017 and December 31, 2016 Assets Current: 2017 2016 Cash and cash equivalents Marketable securities SERP investment Accounts receivable, net Inventories Prepaid expenses and other current assets Income taxes recoverable 21,305S 14,653 67,171 11,154 96,170 276,783 63,665 14,476 82,877 279,509 19,435 2,047 483,314 886,243 52,330 19,852 1,625 483,866 878,195 52,330 16,913 1,431,304 Total current assets Property and equipment, net Goodwill Intangible and other assets, net Total assets 1,441,739S Liabilities Current: 199,159 50,947 19,330 6,730 276,166 64,476 15,277 21,353 119,445 7,865 504,582 Accounts payable Accrued expenses Accrued self-insurance Deferred revenue, net 216,252 $ 33,403 17,470 7,217 274,342 34,988 18,409 20,140 87,422 13,594 448,895 Total current liabilities Long-term debt Postretirement benefit obligations Accrued self-insurance Deferred income taxes Other Total liabilities Shareholders' Equity Common stock, no par value, 100,800,000 shares authorized, 33,047,807 shares issued, 26,898,443 shares outstanding Retained earnings Accumulated other comprehensive income, net 9,949 1,127,872 5,880 1,143,701 (150,857) 992,844 9,949 1,062,778 4,852 1,077,579 (150,857) 926,722 1,431,304 Treasury stock at cost, 6,149,364 shares Total shareholders' equitv Total liabilities and shareholders' equity 1,441,739 S

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Transformation Regulation Digitalisation And Sustainability

Authors: Jan Marton, Fredrik Nilsson, Peter Öhman

1st Edition

103253303X, 978-1032533032

More Books

Students also viewed these Accounting questions