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I need help with my assignment please Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise
I need help with my assignment please
Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 24,009 $ 28,064 $ 29,837 90,000 62,100 55,100 111,000 82,000 59,000 7.732 7,367 3,315 186,779 182,124 163,448 Total assets $419,520 $361,655 $ 310,700 $ 101,327 $ 59,286 $ 39,782 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 76,504 162,500 79,189 80,685 162,500 59,184 66,605 162,500 41,813 Total liabilities and equity $419,520 $361,655 $ 310,700 The company's income statements for the years ended December 31, 2015 and 2014, follow. Assume that all sales are on credit: 2014 2015 $545,376 $ 430,369 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes $332,679 169,067 9.271 7,090 $279,740 108,883 9,898 6,456 518,107 404,977 Total costs and expenses $ 27,269 $ 25,392 Net income 1.68 $ 1.56 Earnings per share Compute days' sales uncollected Days Sales Uncollected Choose Denominator: * Days Choose Numerator: = Days' Sales Uncollected Days' Sales Uncollected days 2015: 2014: Idays Compute accounts receivable tumover. Accounts Receivable Turnover Choose Denominator: Choose Numerator: Accounts Receivable Turnover Accounts receivable turnover 2015: 2014: Compute inventory tumover. Inventory Turnover Choose Denominator: Choose Numerator: Inventory Turnover Inventory turnover times 2015: 2014: Compute days' sales in inventory Days' Sales In Inventory Choose Denominator: * Days Choose Numerator: + Days' Sales In Inventory Days' sales in inventory days 2015: 2014
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