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please help me, thank you so much!! Simon Company's year-end balance sheets follow Current Ye 1 Yr A 2 Yrs Ago At December 31 Assets
please help me, thank you so much!! Simon Company's year-end balance sheets follow Current Ye 1 Yr A 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-ters notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,777 39,700 118,800 8,945 228.661 $ 457,083 $32,469 532, 508 62,700 51,800 84,500 50,000 8,523 3,612 205,845 188,880 $ 394,037 5 318,800 $ 117, 228 $ 68,590 $ 43,344 88,510 162,500 88.345 $ 457,083 93,347 72,568 162,500 162,500 69.600 40,388 $ 394,637 5 318,800 The company's income statements for the Current Year and 1 Year Ago, follow Assume that all sales are on credit 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 Current Yr $ 594,208 362,467 184,20 10,102 7,725 564,498 $ 29,710 5 1.8 1 Yr Apo $ 468,904 $ 304,783 118,633 10,785 2.034 441, 240 $ 27,664 $ 1.70 (2-a) Compute accounts receivable turnover (2-b) 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 2A Required 20 Computer accounts receivable turnover Choose Numaraton Accounts Receivable Turnover Choose Denominator: Current Yr 1 Ye Ago Accounts Receivable Turnover Accounts receivable tumover O times 1 O times Choose Numerator: Inventory Turnover | Choose Denominator: Inventory Turnover 11 Inventory turnover Current Yr: 1 Yr Ago: = O times 0 times Days' Sales In Inventory Choose Denominator: Choose Numerator X Days X 11 Current Yr: 1 Yr Ago: Days' Sales In Inventory Days' sales in inventory 0 days o days
please help me, thank you so much!!
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