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Simon Companys year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 35,195 $ 41,140 $ 42,006

Simon Companys year-end balance sheets follow.

At December 31 Current Yr 1 Yr Ago 2 Yrs Ago
Assets
Cash $ 35,195 $ 41,140 $ 42,006
Accounts receivable, net 89,500 62,900 50,900
Merchandise inventory 114,000 85,000 58,000
Prepaid expenses 11,334 10,799 4,667
Plant assets, net 340,598 309,322 264,527
Total assets $ 590,627 $ 509,161 $ 420,100
Liabilities and Equity
Accounts payable $ 148,537 $ 86,909 $ 56,008
Long-term notes payable secured by mortgages on plant assets 112,148 118,278 93,771
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 167,442 141,474 107,821
Total liabilities and equity $ 590,627 $ 509,161 $ 420,100

The companys income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit:

For Year Ended December 31 Current Yr 1 Yr Ago
Sales $ 767,815 $ 605,902
Cost of goods sold $ 468,367 $ 393,836
Other operating expenses 238,023 153,293
Interest expense 13,053 13,936
Income tax expense 9,982 9,089
Total costs and expenses 729,425 570,154
Net income $ 38,390 $ 35,748
Earnings per share $ 2.36 $ 2.20

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(1-a) Compute days' sales uncollected. (1-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 1A Required 1B Compute days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: Choose Numerator: Days Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days Current Yr: X 1 Yr Ago: (1-a) Compute days' sales uncollected. (1-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 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected (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 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: 1 Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover = Current Yr: 1 times 1 Yr Ago: 1 times (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 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover (3-a) Compute inventory turnover. (3-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 3A Required 3B Compute inventory turnover. Inventory Turnover 1 Choose Denominator: Choose Numerator: = Inventory Turnover Inventory turnover Current Yr: / times 1 Yr Ago: 1 times (3-a) Compute inventory turnover. (3-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 3A Required 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover (4-a) Compute days' sales in inventory. (4-6) 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 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory Choose Denominator: Choose Numerator: Days 1 X Days' Sales In Inventory Days' sales in inventory days days 1 X Current Yr: 1 Yr Ago: 1 X (4-a) Compute days' sales in inventory. (4-6) 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 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory

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