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Exercise 13-11 Profitability analysis LO P3
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,700
$
36,200
Accounts receivable, net
88,500
64,200
58,600
Merchandise inventory
107,339
84,200
50,300
Prepaid expenses
11,047
9,166
3,628
Plant assets, net
331,714
257,734
191,272
Total assets
$
570,000
$
450,000
$
340,000
Liabilities and Equity
Accounts payable
$
143,349
$
76,050
$
44,880
Long-term notes payable secured by
mortgages on plant assets
106,088
105,570
73,637
Common...
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Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 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 $ 31,300 $ 34,400 89,400 64,000 77,174 85,000 10,950 10,185 356,176 291,415 $565,000 $485,000 $ 36,600 55,000 51,200 3,308 163,892 $ 310,000 $142,092 $ 81,965 $ 40,511 106,220 189,319...
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Simon Company's year-end balance sheets follow At December 31 Assets 2017 2016 2015 as Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,200 34,200 $ 36,700 52,800 54,200 4,305 291,369 278,627 231,995 $525,000 $470,000 $ 380,000 64,300 103,556 83,200 9,673 88,700 10,175 Liabilities and Equity Accounts payable $133,340 81,019 $ 48,655 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 83,980 162,500 162,500162,500 84,865...
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Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 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 $ 31, 396 $ 35,274 $ 36, 744 86,579 61,730 49,982 108,856 83,219 51,639 9,816 9,634 4,248 279,995 255,524 232,287 $ 516,642 $...
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Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
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Required Information Exercise 13-10 Efficiency and profitability analysis LO P3 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 2017 Cash $ 31,600 87,00 112. See 10,55€ 281.000 $523,550 $ 35,250 $32.ee 63, 0 49, see 80.600 52.000 9,200 4.100 22.00 228, Bee $445, eso $ 1.200 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tere notes payable secured by mortgages on plant assets Comon...
-
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
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Help Seve & Exit Submit Simon Company's year-end balance sheets follow 10 31,600 $ 34,600 $ 36,000 55,700 68,818 84,700 50,700 3,852 64,480 Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 10,613 369,769 9,438 251, $570,000 $445,e00 340,000 $140,511 $ 73,701 44,880 ages on plant assets Common stock, $1e par value 109,303 104,397 74,389 162,500 162,50e 162,500 157, 686 184,482 58,231 Total liabilities and equity $570, 000 $445,000 340,00e The company's income statements for the years...
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Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 31,300 $ 35,000 $ 37,500 88,000 64,800 59,200 80, 408 83,500 57,000 10,271 10,187 3,734 320,021 301,513 192,566 $530,000 $495,000 $350,000 sok At December 31 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 nt...
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At December 31 2017 2016 2015 Assets Cash 31,200 34,700 63,200 37,000 54,500 88,000 26,956 10,950 407,894 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 83,400 58,200 9,651 4,204 264,049 236,096 Total assets $565,000 $455,000 390,000 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages Common stock, $10 par value Retained earnings $ 51,995 $137,871 $ 78,433 plant assets 106,220 162,500 103,603 162,500 87,052 162,500 on 158,409 110,464 88,453 Total liabilities and equity $565,000 $455,000 390,000...
Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 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 $ 31,300 $ 34,400 89,400 64,000 77,174 85,000 10,950 10,185 356,176 291,415 $565,000 $485,000 $ 36,600 55,000 51,200 3,308 163,892 $ 310,000 $142,092 $ 81,965 $ 40,511 106,220 189,319...
Simon Company's year-end balance sheets follow At December 31 Assets 2017 2016 2015 as Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,200 34,200 $ 36,700 52,800 54,200 4,305 291,369 278,627 231,995 $525,000 $470,000 $ 380,000 64,300 103,556 83,200 9,673 88,700 10,175 Liabilities and Equity Accounts payable $133,340 81,019 $ 48,655 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 83,980 162,500 162,500162,500 84,865...
Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 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 $ 31, 396 $ 35,274 $ 36, 744 86,579 61,730 49,982 108,856 83,219 51,639 9,816 9,634 4,248 279,995 255,524 232,287 $ 516,642 $...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Required Information Exercise 13-10 Efficiency and profitability analysis LO P3 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 2017 Cash $ 31,600 87,00 112. See 10,55€ 281.000 $523,550 $ 35,250 $32.ee 63, 0 49, see 80.600 52.000 9,200 4.100 22.00 228, Bee $445, eso $ 1.200 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tere notes payable secured by mortgages on plant assets Comon...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Help Seve & Exit Submit Simon Company's year-end balance sheets follow 10 31,600 $ 34,600 $ 36,000 55,700 68,818 84,700 50,700 3,852 64,480 Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 10,613 369,769 9,438 251, $570,000 $445,e00 340,000 $140,511 $ 73,701 44,880 ages on plant assets Common stock, $1e par value 109,303 104,397 74,389 162,500 162,50e 162,500 157, 686 184,482 58,231 Total liabilities and equity $570, 000 $445,000 340,00e The company's income statements for the years...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 31,300 $ 35,000 $ 37,500 88,000 64,800 59,200 80, 408 83,500 57,000 10,271 10,187 3,734 320,021 301,513 192,566 $530,000 $495,000 $350,000 sok At December 31 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 nt...
At December 31 2017 2016 2015 Assets Cash 31,200 34,700 63,200 37,000 54,500 88,000 26,956 10,950 407,894 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 83,400 58,200 9,651 4,204 264,049 236,096 Total assets $565,000 $455,000 390,000 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages Common stock, $10 par value Retained earnings $ 51,995 $137,871 $ 78,433 plant assets 106,220 162,500 103,603 162,500 87,052 162,500 on 158,409 110,464 88,453 Total liabilities and equity $565,000 $455,000 390,000...