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....continuation John Dawson 1 2007 2008 2009 2010 Accounts receivable (in thousands): Thirty-day accounts Deferred payment accounts Other accounts Less: Allowance for losses 5 68
....continuation John Dawson 1
2007 2008 2009 2010 Accounts receivable (in thousands): Thirty-day accounts Deferred payment accounts Other accounts Less: Allowance for losses 5 68 2,606 245 (57) $2.862 5 75 2,709 310 (87) 53,007 S40 3,102 348 (112) 53 378 $32 3.595 1251 (111) 53.767 Thirty-day accounts are revolving charge accounts that are billed every 30 days. Deferred payment accounts are accounts requiring monthly principal payments of at least 10 percent of the outstanding balance plus interest at 15 percent. Other accounts are for sales contracts from three to five years from the sales of office properties. The above is an aging schedule of accounts receivable as of January 31, 2010: (In thousands) Thirty-day Deferred payment Other 30 Days 30 to 60 Over 60 or Less Days Days 528 53 51 3,201 288 106 228 23 0 EXHIBIT 1 DAWSON STORES, INC. Comparative Balance Sheets As of January 31 (amounts in thousands) 2007 2008 2009 2010 3,007 2.383 Assets Current assets: Cash Accounts receivable (net) Inventories Supplies and prepaid expenses Total current assets Investments and other assets Property, plant, and equipment (net) Total assets $ 107 2.862 2,600 70 5,639 287 4,917 $10,843 5,631 $ 709 3,378 2,821 91 6,999 162 5,385 $12,546 338912 938 5916 3,767 3,090 75 7,848 201 5,707 513,756 5,186 $11,135 5 1,166 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Taxes other than income taxes Accrued abilities Income taxes, currently payable Deferred income taxes, Installment sales Current portion of long-term debt Total current Kablities Long-term debt Deferred credits Shareholders' equity Capital stock Retained earnings Total abilities and shareholders' equity $ 1,153 379 410 221 374 119 2,656 3,494 266 $ 1,767 414 676 491 484 181 4,013 3,136 244 5 2,272 418 792 480 589 141 4,692 2942 302 2.782 3.430 130 4,297 $10,843 4,501 $11,135 130 5,023 $12.546 130 3,690 $13,756 TS hp 2007 2008 2009 2010 Accounts receivable (in thousands): Thirty-day accounts Deferred payment accounts Other accounts Less: Allowance for losses 5 68 2,606 245 (57) $2.862 5 75 2,709 310 (87) 53,007 S40 3,102 348 (112) 53 378 $32 3.595 1251 (111) 53.767 Thirty-day accounts are revolving charge accounts that are billed every 30 days. Deferred payment accounts are accounts requiring monthly principal payments of at least 10 percent of the outstanding balance plus interest at 15 percent. Other accounts are for sales contracts from three to five years from the sales of office properties. The above is an aging schedule of accounts receivable as of January 31, 2010: (In thousands) Thirty-day Deferred payment Other 30 Days 30 to 60 Over 60 or Less Days Days 528 53 51 3,201 288 106 228 23 0 EXHIBIT 1 DAWSON STORES, INC. Comparative Balance Sheets As of January 31 (amounts in thousands) 2007 2008 2009 2010 3,007 2.383 Assets Current assets: Cash Accounts receivable (net) Inventories Supplies and prepaid expenses Total current assets Investments and other assets Property, plant, and equipment (net) Total assets $ 107 2.862 2,600 70 5,639 287 4,917 $10,843 5,631 $ 709 3,378 2,821 91 6,999 162 5,385 $12,546 338912 938 5916 3,767 3,090 75 7,848 201 5,707 513,756 5,186 $11,135 5 1,166 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Taxes other than income taxes Accrued abilities Income taxes, currently payable Deferred income taxes, Installment sales Current portion of long-term debt Total current Kablities Long-term debt Deferred credits Shareholders' equity Capital stock Retained earnings Total abilities and shareholders' equity $ 1,153 379 410 221 374 119 2,656 3,494 266 $ 1,767 414 676 491 484 181 4,013 3,136 244 5 2,272 418 792 480 589 141 4,692 2942 302 2.782 3.430 130 4,297 $10,843 4,501 $11,135 130 5,023 $12.546 130 3,690 $13,756 TS hpStep by Step Solution
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