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please ans asap Check my work 1 1 of 2 Required Information Use the following information for the Exercises below. (Static) [The following information applies
please ans asap
Check my work 1 1 of 2 Required Information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow Mt Down Cart Yetene este Cash 31,000 35,625 37.800 Accounts receivable, tot 99,500 62,500 10,300 Merchandise Inventory 112,500 3.500 50,000 Prepaid expenses 10,700 9,375 5,000 Diantata, sot 270.500 355,000 230.500 Totalte $ 523,000 6.445,000 $ 377.500 Liabilities and quity Accounts payable $ 129,900 $ 75,250 51,250 Long-ter notes payable 90.500 101.500 83,500 Common stock, $10 per value 163,500 163,500 163,500 Retained earning 331.100 104.750 79.250 525,000 Total Lilities and equity 5445,000 177.500 Exercise 13-8 (Static) Analyzing and interpreting liquidity LO P3 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit Year o Current Year Tor Yarded Decor OD TE Next > Check my work Exercise 13-8 (Static) Analyzing and interpreting liquidity LO P3 rt 1 of 2 ts The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: Tor Year Ended December 31 Current Year 1 Year ago Balen 6 673,500 $ 532,000 Coat of goods sold 411,225 $ 349,500 Other operating expenses 209.550 134,980 Interest expense 12,100 13,300 Income tax expense 9,525 8,845 Total costs and expenses 642,400 502,625 Net income $ 31,100 $ 29,375 Tarnings per share $ 1.90 $ 1.80 eBook Print ferences (1-a) Compute days' sales uncollected. (1-1) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year, (3-a) Compute inventory turnover. (3-6) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in Inventory. (4-6) For each ratio, determine if days' sales in inventory improved or worsened in the current year. u or worsened in the current year. (4-a) Compute days' sales In Inventory. (4-6) For each ratio, determine if days' sales in Inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 16 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 Compute days' sales uncollected Days Sales Uncollected Denominator Numerator Days Day Sains Uncollected Days'sales uncollected Current Year: 1 Year Ago: Net sales $ $ 673,500 532.000] 0 days o days Required 18 > Required information (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in Inventory. (4-6) For each ratio, determine if days' sales In Inventory improved or worsened in the current year. art 1 of 2 nts Complete this question by entering your answers in the tabs below. eBook Required 1A Required 18 Required 2A Print Required 2B Required 3A Required 3B Required 4A Required 48 forences Determine if days' sales uncollected improved or worsened in the current year. Days' sales uncollected (3-1) Determine if Inventory turnover ratio improved or worsened in the current year, (4-a) Compute days' sales in Inventory. (4-6) For each ratio, determine If days' sales In Inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required IA Required 13 Rehuired 2A Required 28 Required 3A Required 38 Required 4A Required 40 Compute accounts receivable turnover. Accounts Receivable Turnover Denominator: Numerator: Accounts Receivable Turnover Accounts receivable turnover O times Current Year: 1 Year Ago: O times 42 (3-b) Determine if Inventory turnover ratio Improved or worsened in the current year. (4-a) Compute days' sales In Inventory. (4-6) For each ratio, determine if days' sales In Inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. K Required 1A Required 10 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 ces Determine if accounts receivable turnover ratio improved or worsened in the current year. Accounts receivable turnover Required information (3-b) Determine if inventory turnover ratio Improved or worsened in the current year. (4-a) Compute days' sales In Inventory. (4-6) For each ratio, determine if days' sales in inventory Improved or worsened in the current year. art 1 of 2 nts Complete this question by entering your answers in the tabs below. eBook Required 1A Required 18 Required 2A Required 28 Required 3A Print Required 38 Required 4A Required 48 Herences Compute Inventory turnover. Inventory Turnover Denominator: Numerator: Inventory Turnover Inventory turnover Omnes Current Year: 1 Year Ago: 0 times Required Information (3-b) Determine if Inventory turnover ratio Improved or worsened in the current year. (4-a) Compute days' sales In Inventory (4-6) For each ratio, determine If days' sales In Inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Required 3A Required 3B Required 4A Required 48 Determine if inventory turnover ratio improved or worsened in the current year. Inventory tumover (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in Inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 Compute days' sales in inventory. Days Sales In Inventory Denominator: Numerator. x Days X - Daya' Sales In Inventory Days' sales in inventory o days O days x Current Year: 1 Year Ago: X Required Information (3-b) Determine if Inventory turnover ratio improved or worsened in the current year (4-a) Compute days' sales in inventory (4-6) For each ratio, determine if days' sales in Inventory improved or worsened in the current year. Part 1 of 2 oints Complete this question by entering your answers in the tabs below. eBook Print Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 References For each ratio, determine if days' sales in inventory improved or worsened in the current year. Days' sales in inventory Step by Step Solution
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