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Simon Company's year end balance sheets follow Currentyr At Dec Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities
Simon Company's year end balance sheets follow Currentyr At Dec Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,617 5 32,933 $ 32,637 8.50 57.634 43,516 103,687 76,913 48,232 8,559 3,553 251,490 231,553 205,062 $422. $ 407,592 $ 333,800 $ 121.261 $ 68,194 $ 45,275 89.777 165,500 94,684 71,385 163,500 163.560 1,214 52,848 5 407,592 5 333, eee 24,383,600 $ 472,197 1. Express the balance sheets in common-size percents. (Do not round Intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? favorable estion by enteng your answers in the tabs below Req1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2 Years Ago SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago Assets Cash Accounts receivable.net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, 510 par Retained earnings Total liabilities and equity Reg 2 and 3 > Prev 13 1. Express the balance sheets in common-size percents. (Do not round Intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your Reg 1 Req 2 and 3 Assuming annual sales have not changed assets favorable or unfavorable? Assuming annual sales have not changed in the last total assets favorable or unfavorable? LEE $ $ the change in accounts receivable as a percentage of total the change in merchandise inventory as a percentage of Show less Change in accounts receivable Change in merchandise inventory
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