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Please help, Thanks! use the following information for the Exercises below. (Algo) {The following information applies to the questions cilsp.'ayed below_j Simon Companys year-end balance
Please help, Thanks!
use the following information for the Exercises below. (Algo) {The following information applies to the questions cilsp.'ayed below_j Simon Companys year-end balance sheets follow. s Be,se3 s gs,8a8 122,623 22' 201 S as, 312 see see cunts net Plant a Ictal assets Equity Accounts notes payable Retained equity 2 SS Bag as, 312 361, zee S 128,597 94,618 For the Current year one Compute the following ratios: Exercise 13-8 (Algo) Analyzing and Interpreting llquldlty LO P3 The company's income for the Current year ago follow that all Sales Credit: war Ago Cost of gmds "ld '*rating Interest rota I (1-0) day5' S 342,445 S 928,848 WS ISS Required IA Determine if days' sales uncollected improved or worsened in the current year. i r I vent'" Note: r 1 Ago S z.eS Determine if days' sales uncollected improved or worsened in the current year, Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened the current year. Comoute inventory twnver. (3b) Determine if inventory turnover ratio improved or worsened in the current year. Comoute days' sales in inventory. (4-b) For each ratio. determine if days' salles in inventory imprcwed or worsened in current year.
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