ED Libertyv ( u ' o ' s @Ei're l3 Homework: Ethics Assignment 0 7o B ezto.mheducation.com ('2 Saved v'l'm'm m m I u'u'a'e'm a Help Required information Pan 3 OH [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. 21,4 At December 31 Current Year 1 Year Ago 2 Years Ago p'"'5 Assets Cash $ 27,454 $ 32.091 3 32,767 Accounts receivable, net 89,300 62,600 50,800 Merchandise inventory 114,000 84,500 53,000 El Prepaid expenses 8,841 8,424 3,641 eBook Plant assets, net 221,125 209,557 187,492 Total assets $ 460,720 $ 397,172 $ 327,700 Liabilities and Equity _ Accounts payable :5 115,866 $ 67,793 $ 43,689 P\""' Longterm notes payable 87,482 92,263 73,146 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 94.872 74,616 48,365 References Total liabilities and equity $ 39 72 $ 327,7e0 m Questio... G G Save & Exit Submit W The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For Year Ended December 31 Current Year 1 Year Ago Sales $ 598,936 $ 472,635 Cost of goods sold $ 365,351 $ 307,213 Other operating expenses 185,670 119,577 Interest expense 10,182 10,871 Income tax expense 7,786 7,090 Total costs and expenses 568,989 444,751 Net income $ 29.947 $ 27.884 Earnings per share $ 1-34 $ 1-72 (3-a) Compute inventory turnover. , a, _ [33 Liberty v ( [j a ezto.mheducation.corn 0 f1] + SE B 0 V G E 'A' G V I H! m In In I U H E 9 m II G '9 In Questio... G G Homework: Ethics Assignment 0 Saved Help Save & Exit Submit 7 Psn30f4 2.14 points References M Required information Net income 3 45,341 :9 11,654 Earnings per share (3-a) Compute inventory turnover. (3-h) For each ratio, determine if it improved or worsened in the current year. complete this question by entering your answers In the tabs below. Required 3A Required BB Compute Inventory turnover. Inventory turnover times times Liberty HillED Libertyv ( u ' o ' s @Ei're l3 Homework: Ethics Assignment 0 8o B ezto.mheducation.com ('2 Saved v'l'm'm m m I u'u'a'e'm a Help Required information Pan 4 of 4 [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. 21,4 At December 31 Current Year 1 Year Ago 2 Years Ago p'"'5 Assets Cash $ 27,454 $ 32.091 3 32,767 Accounts receivable, net 89,300 62,600 50,800 Merchandise inventory 114,000 84,500 53,000 El Prepaid expenses 8,841 8,424 3,641 eBook Plant assets, net 221,125 209,557 187,492 Total assets $ 460,720 $ 397,172 $ 327,700 Liabilities and Equity _ Accounts payable :5 115,866 $ 67,793 $ 43,689 P\""' Longterm notes payable 87,482 92,263 73,146 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 94.872 74,616 48,365 References Total liabilities and equity $ 39 72 $ 327,7e0 m Questio... G G Save & Exit Submit W The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For Year Ended December 31 Current Year 1 Year Ago Sales $ 598,936 $ 472,635 Cost of goods sold $ 365,351 $ 307,213 Other operating expenses 185,670 119,577 Interest expense 10,182 10,871 Income tax expense 7,786 7,090 Total costs and expenses 568,989 444,751 Net income $ 29.947 $ 27.884 Earnings per share $ 1-34 $ 1-72 (4-3) Compute days' sales in inventory , 0'3 8 . Mc Graw HillLiberty HillEDLibertVV 0 110's o a a e Homework: Ethics Assignment 0 B ezto.mheducation.com Saved v'l'm'm In in I u'u'a'e'm o 9o Required information Part 1 of 3 [The following information applies to the questions displayed below] - Simon Company's year-end balance sheets follow. 21,4 At December 31 Current Year 1 Year Ago 2 Years Ago p'"'5 Assets Cash 3; 31,281 $ 37,310 3 38,476 Accounts receivable, net 95,286 67,252 50,286 Merchandise inventory 113,988 88,006 55,734 El Prepaid expenses 10,485 9,500 4,275 eBook Plant assets, net 289,958 264,310 236,029 Total assets $ 540,998 $ 466,378 $ 384,800 9 Liabilities and Equity Accounts payable $ 137,403 $ 77,242 $ 51,809 Hlnt Longterm notes payable 101,708 110,485 85,041 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 139,387 116,151 85,450 Prim Total liabilities and equity $ 54 98 $ 466 378 l The company's income statements for the current year and one year ago, follow. ii References For Year Ended December 31 Current Year 1 Year Ago Sales $ 703,297 $ 554,990 Cost of goods sold $ 429,011 $ 360,744 Other operating expenses 218,022 140,412 Interest expense 11,956 12,765 Income tax expense 9,143 8,325 Total costs and expenses 668,132 522,246 Net income $ 35,165 $ 32,744 Earnings per share $ 2-16 $ 2-02 For both the current year and one year ago, compute the following ratios: HillED Liberty v O E ezto.mheducation.com C [I] + 33 H 0 '3 Q E ii? 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II 5 Q m QueS'iO-u G G Homework: Ethics Assignment 0 Saved Help Save & Exit Submit W 10 Part 2 of 3 [The following information applies to the questions displayed below] Required information Simon Company's year-end balance sheets follow. 2.14 , At December 31 Current Year 1 Year Ago 2 Years Ago pomts Assets Cash 3; 31,281 $ 37,310 3 38,476 Accounts receivable, net 95,286 67,252 50,286 Merchandise inventory 113,988 88,006 55,734 El Prepaid expenses 10,485 9,500 4,275 eBook Plant assets, net 289,958 264,310 236,029 Total assets $ 540,998 $ 466,378 $ 384,800 9 Liabilities and Equity Accounts payable $ 137,403 $ 77,242 $ 51,809 Hlnt Longterm notes payable 191,708 110,485 85,041 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 139,387 116,151 85,450 Prim Total liabilities and equity $ 54 98 $ 466 378 i The company's income statements for the current year and one year ago, follow. ii References For Year Ended December 31 Current Year 1 Year Ago Sales $ 703,297 $ 554,990 Cost of goods sold as 429,011 $ 360,744 Other operating expenses 218,022 140,412 Interest expense 11,956 12,765 Income tax expense 9,143 8,325 Total costs and expenses 668,132 522,246 Net income $ 35,165 $ 32,744 Earnings per share $ 2.16 $ 2.02 For both the current year and one year ago, compute the following ratios: ' 0'3 % HillED Liberty v O E ezto.mheducation.com C [I] + 33 H 0 '3 Q E 1'? 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II 5 Q m QueS'iO-u G G Homework: Ethics Assignment 0 Saved Help Save & Exit Submit W 11 Part 3 of 3 [The following information applies to the questions displayed below] Required information Simon Company's year-end balance sheets follow. 2.14 , At December 31 Current Year 1 Year Ago 2 Years Ago pomts Assets Cash 3; 31,281 $ 37,310 3 38,476 Accounts receivable, net 95,286 67,252 50,286 Merchandise inventory 113,988 88,006 55,734 El Prepaid expenses 10,485 9,500 4,275 eBook Plant assets, net 289,958 264,310 236,029 Total assets $ 540,998 $ 466,378 $ 384,800 9 Liabilities and Equity Accounts payable $ 137,403 $ 77,242 $ 51,809 Hlnt Longterm notes payable 191,708 110,485 85,041 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 139,387 116,151 85,450 Prim Total liabilities and equity $ 54 98 $ 466 378 i The company's income statements for the current year and one year ago, follow. ii References For Year Ended December 31 Current Year 1 Year Ago Sales $ 703,297 $ 554,990 Cost of goods sold as 429,011 $ 360,744 Other operating expenses 218,022 140,412 Interest expense 11,956 12,765 Income tax expense 9,143 8,325 Total costs and expenses 668,132 522,246 Net income $ 35,165 $ 32,744 Earnings per share $ 2.16 $ 2.02 For both the current year and one year ago, compute the following ratios: , a, _ g Liberty Mc Graw HillED Liberty v O E ezto.mheducation.com C [I] '1' 33 H 0 0 E 1'? 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II 5 Q m QueS'iO-u G G Homework: Ethics Assignment 0 Saved Help Save & Exit Submit W 12 Part 1 of 3 [The following information applies to the questions displayed below] Required information Simon Company's year-end balance sheets follow. 2.14 , At December 31 Current Year 1 Year Ago 2 Years Ago paints Assets Cash $ 30,400 $ 36,250 3 38,400 Accounts receivable, net 87,500 64,000 50,000 Merchandise inventory 112,000 83,600 52,500 El Prepaid expenses 10,550 9,400 4,600 eBook Plant assets, net 282,000 252,500 230,000 Total assets $ 522,450 $ 445,750 $ 375,500 9 Liabilities and Equity Accounts payable :5 129,200 $ 76,000 $ 50,600 Hlnt Longterm notes payable 96,000 99,500 80,200 Common stock, $10 par value 160,500 160,500 160,500 Retained earnings 136,750 109,750 84,200 Prim Total liabilities and equity $ 44 50 $ 375 500 i The company's income statements for the Current Year and 1 Year Ago, follow. ii References For Year Ended December 31 Current Year 1 Year Ago Sales $ 745,000 $ 600,000 Cost of goods sold as 447,000 $ 372,000 Other operating expenses 230,950 144,000 Interest expense 11,800 12,900 Income tax expense 9,400 8,675 Total costs and expenses 699,150 537,575 Net income $ 45.850 $ 62,425 Earnings per share $ 2.86 3.89 For both the Current Year and 1 Year Ago, compute the following ratios: a: _ a E] Libertyv ( > I] Beztomheducationcom 0 f1] + 83 HOQEGVIMMIBMIUUEBMIIGIQIBQuestiomGG Homework: Ethics Assignment 0 Saved Help Save & Exit Submit w 12 I \"we. uumuum. mum\": \"v.3.\" \"mm". 1 Required information Net income $ 45. 350 $ 62.425 Part1ot3 Earnings per share $ 2.86 $ 3.89 - For both the Current Year and 1 Year Ago, compute the following ratios: 2.14 points (1-a) Compute prot margin ratio for the current year and one year ago' (1-b) Did prot margin improve or worsen in the Current Year versus 1 Year Ago? Complete thls questlon by enterlng your answers In the tabs below. Required 1A Required 13 9 Compute prot margin ratio for the current year and one year ago. References Prot margin ratio Current Year: % 1YearAgo: = /o a: g ED Libertyv ( > 0 Beztomheducatiomcom 0 f1] + 33 HOQEGVIWMIBMIHHEBMIIGIQIDQuesiiol-lGG Homework: Ethics Assignment 0 Saved Help Save & Exit Submit w 12 I \"we. chruLJle cAucllaca \"my\" \"mm"! . Required information Net income $ 45. 85% $ 62.425 Pan1of3 Earnings per share $ 2.86 $ 3.89 - For both the Current Year and 1 Year Ago, compute the following ratios: 2.14 points (1-3) Compute prot margin ratio for the current year and one year ago' (1-b) Did prot margin improve or worsen in the Current Year versus 1 Year Ago? eBOOk Complete thls questlon by enterlng your answers In the tabs below. H'm Required 1A Required 13 Pm Dld prot margin Improve or worsen In the Current Year versus 1 Year Ago? ii References Prot margin _ Next > , a; _ g O E ezto.mheducation.com C [I] '1' 33 H 0 0 E 1'? G V I m m m In I H H E 8 [5! II 5 Q m QueS'iO-u G G Homework: Ethics Assignment 0 Saved Help Save & Exit Submit W 13 Part 2 of 3 [The following information applies to the questions displayed below] Required information Simon Company's year-end balance sheets follow. 2.14 , At December 31 Current Year 1 Year Ago 2 Years Ago paints Assets Cash $ 30,400 $ 36,250 3 38,400 Accounts receivable, net 87,500 64,000 50,000 Merchandise inventory 112,000 83,600 52,500 El Prepaid expenses 10,550 9,400 4,600 eBook Plant assets, net 282,000 252,500 230,000 Total assets $ 522,450 $ 445,750 $ 375,500 9 Liabilities and Equity Accounts payable :5 129,200 $ 76,000 $ 50,600 Hlnt Longterm notes payable 96,000 99,500 80,200 Common stock, $10 par value 160,500 160,500 160,500 Retained earnings 136,750 109,750 84,200 Prim Total liabilities and equity $ 44 50 $ 375 500 i The company's income statements for the Current Year and 1 Year Ago, follow. ii References For Year Ended December 31 Current Year 1 Year Ago Sales $ 745,000 $ 600,000 Cost of goods sold as 447,000 $ 372,000 Other operating expenses 230,950 144,000 Interest expense 11,800 12,900 Income tax expense 9,400 8,675 Total costs and expenses 699,150 537,575 Net income $ 45.850 $ 62,425 Earnings per share $ 2.86 3.89 For both the Current Year and 1 Year Ago, compute the following ratios: ,7 a: _ a U Beztomheducationsom 0 f1] + 83 HO0GVIMMIBMIUHEBMIIGIQmom-eunu-GG Homework: Ethics Assignment 0 Saved Help Save & Exit Submit w 13 'o ' Required information other operating expenses 230,950 144,000 Interest expense 11,800 12,900 Part2of3 Income tax expense 9.400 3.675 Total costs and expenses 699,150 537,575 Net income $ 45,850 $ 62,425 2.14 Earnings per share $ 2.86 $ 3.89 points For both the Current Year and 1 Year Ago, compute the following ratios: eBook (2) Compute total asset turnover for the current year and one year ago. Hlnt _ Total asset turnover 9 Current Year: times Frlnt 1 Year Ago: = times TI References 00 ED Liberty v ( "an 's > C! E3 I) are Homework: Ethics Assignment 0 14 Part30f3 2.18 points References Required information B ezto.mheducation.com Saved [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Longterm notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Cu rrent Yea r 1 Year Ago 2 Years Ago $ 30,400 $ 36,250 $ 38,400 37,500 64,000 50,000 112,000 83,600 52,500 10,550 9,400 4,600 282,000 252,500 230,000 $ 522,450 $ 445,750 5 375,500 $ 129,200 $ 76,000 $ 50,600 96,000 99,500 30,200 160,500 160,500 160,500 136,750 109,750 84,200 $ 522,450 $ 445,750 $ 375,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Cu rrent Yea r $ 745,000 $ 447,000 230,950 11,800 9,400 699,150 $ 45,850 $ 2 86 1 Year Ago $ 600,000 $ 372,000 144,000 12,900 8,675 537,575 $ 62,425 For both the Current Year and 1 Year Ago, compute the following ratios: (3-a) Compute return on total assets for the current year and one year ago. 0'3 ( Prev 14 of 14 Next C5 v'l"'m'm'o'm I u'h'a'ehm'o G Help Q m Questio.., Save & Exit W Submit Liberty Mc Graw HillLiberty Hill