Homework Answers
| 2018 | % | Formula | 2017 | % | Formula | 2016 | % | Formula | |
| Assets | |||||||||
| Cash | 31800 | 6% | (31800/523000) | 35625 | 8% | (35625/445000) | 37800 | 10% | (37800/377500) |
| Accounts recievable Net | 89500 | 17% | (89500/523000) | 62500 | 14% | (62500/445000) | 50200 | 13% | (50200/377500) |
| Merchandise inventory | 112500 | 22% | (112500/523000) | 82500 | 19% | (82500/445000) | 54000 | 14% | (54000/377500) |
| Prepaid Expenses | 10700 | 2% | (10700/523000) | 9375 | 2% | (9375/445000) | 5000 | 1% | (5000/377500) |
| Plant assets, net | 278500 | 53% | (278500/523000) | 255000 | 57% | (255000/445000) | 230500 | 61% | (230500/377500) |
| Total assets | 523000 | 445000 | 377500 | ||||||
| Liabilties and Equity | |||||||||
| Accounts Payable | 129900 | 25% | (129900/523000) | 75250 | 17% | (75250/445000) | 51250 | 14% | (51250/377500) |
| Long term notes payable | 98500 | 19% | (98500/523000) | 101500 | 23% | (101500/445000) | 83500 | 22% | (83500/377500) |
| Common stock | 163500 | 31% | (163500/523000) | 163500 | 37% | (163500/445000) | 163500 | 43% | (163500/377500) |
| Retained earning | 131100 | 25% | (131100/523000) | 104750 | 24% | (104750/445000) | 79250 | 21% | (79250/377500) |
| Total Liabilites and equity | 523000 | 445000 | 377500 | ||||||
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Simon Company's year-end balance sheets follow. 2018 2016 909 31,00 15,625 $ 37,000 39.100 2.500 50.200...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800 $ 35...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 62,500 50,200 Merchandise inventory 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 Total assets $ 523,000 $ 445,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common stock, $10 par value 163,500 163,500...
Simon Company's year-end balance sheets follow. 2018 2017 2016 At December 31 Assets Cash Accounts receivable, n...
Simon Company's year-end balance sheets follow. 2018 2017 2016 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 $ 34,996 $ 40,907 $ 43,481 102,453 73,033 56,815 131,391 96,508 62,366 11,156 10,955 4,735 319,143 295, 296 271,803 $599,139 $516,499 $ 439,200 $149,186 $ 87,288 $ 57,974 114,891...
Simon Company's year-end balance sheets follow 2018 2017 At December 31 Assets 2016 $ 31,800 $...
Simon Company's year-end balance sheets follow 2018 2017 At December 31 Assets 2016 $ 31,800 $ 35,625 $ 37, 800 89,500 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230, 500 $523,000 $445,000 $377,500 Accounts receivable, net Merchandise inventory Prepaid exponnes Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Locmon stock, S10 par value Retained earnings Total liabilities and equity $129,900 $ 75,250 S 51, 250 98,500...
Simon Company's year-end balance sheets follow. 2018 2017 2016 At December 31 Assets Cash Accounts receivable,...
Simon Company's year-end balance sheets follow. 2018 2017 2016 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 $ 31,888 $ 36,544 $ 35,838 90,610 62,673 48,277 116, 204 84,507 51,405 10,269 9,593 3,982 280,914 263,480 233,698 $ 529,885 $ 456,797 $ 373,200 $ 134,580 $ 77,199...
Simon Company's year-end balance sheets follow. 2018 2017 2016 At December 31 Assets Cash Accounts receivable,...
Simon Company's year-end balance sheets follow. 2018 2017 2016 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 $ 25,524 $ 31,053 $ 31,396 76,996 52,74541,861 97,758 68,994 45,951 8,387 8,231 3,524 232,778 219,531 200,868 $ 441,443 $ 380,554 $ 323,600 62,384 $ 42,288 83,821 87,527 70,...
exercise 13-6 ammon-size percents Simon Company's year-end balance sheets follow. (1) Express the balance sheets in...
exercise 13-6 ammon-size percents Simon Company's year-end balance sheets follow. (1) Express the balance sheets in common-size per- cents. Round percents to one decimal. (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) Is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Chapter 13 Analysis of Financial Statements Current Yr 1 Yr Ago 2 Yrs...
Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable,...
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 28,167 84,968 103,689 9,348 260,975 $ 487,147 $ 32,924 $ 58,794 78,468 8,643 241,125 $ 419,954 $ 34,307 45,742 48,233 3,774 211,044 343,100 $ 120,087 $ 69,553 $ 44,383...
Simon Company's year-end balance sheets follow. At December 31 2017 2016 Assets Cash Accounts receivable, net...
Simon Company's year-end balance sheets follow. At December 31 2017 2016 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $31,986 37,389 $ 37,778 53,487 56,421 4, 284 92,705 117,737 10,717 64,769 86,461 10,013 294,468 273,448241,430 547,613 472,080 393,400 Liabilities and Equity Accounts payable Long-term notes payable secured by s139,083 $ 79,782 51,929 101,922 109,664 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 88,680 163,500 163,5ee 163,500 89,291...
Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 34,342...
Simon Company's year-end
balance sheets follow. At December 31 2017 2016 2015 Assets Cash $
34,342 $ 40,143 $ 40,996 Accounts receivable, net 100,540 69,541
54,115 Merchandise inventory 125,146 94,706 59,978 Prepaid expenses
10,948 10,644 4,646 Plant assets, net 316,979 291,824 254,365 Total
assets $ 587,955 $ 506,858 $ 414,100 Liabilities and Equity
Accounts payable $ 150,793 $ 87,372 $ 55,208 Long-term notes
payable secured by mortgages on plant assets 108,325 116,577 91,516
Common stock, $10 par value 163,500 163,500...
Simon Company's year-end balance sheets follow. BERTATE 2017 2016 2015 At December 31 Assets Cash Accounts...
Simon Company's year-end balance sheets follow. BERTATE 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 $ 35,705 $ 40,999 $ 43,031 102,458 72,314 57,375 130, 110 93,647 59,924 11,498 10,630 4,781 319,401 299,028 256,889 $ 599,172 $ 516,528 $ 422,000 $ 146,210 $...
Simon Company's year-end balance sheets follow. 2018 2017 2016 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 $ 34,996 $ 40,907 $ 43,481 102,453 73,033 56,815 131,391 96,508 62,366 11,156 10,955 4,735 319,143 295, 296 271,803 $599,139 $516,499 $ 439,200 $149,186 $ 87,288 $ 57,974 114,891...
Simon Company's year-end balance sheets follow 2018 2017 At December 31 Assets 2016 $ 31,800 $ 35,625 $ 37, 800 89,500 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230, 500 $523,000 $445,000 $377,500 Accounts receivable, net Merchandise inventory Prepaid exponnes Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Locmon stock, S10 par value Retained earnings Total liabilities and equity $129,900 $ 75,250 S 51, 250 98,500...
Simon Company's year-end balance sheets follow. 2018 2017 2016 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 $ 31,888 $ 36,544 $ 35,838 90,610 62,673 48,277 116, 204 84,507 51,405 10,269 9,593 3,982 280,914 263,480 233,698 $ 529,885 $ 456,797 $ 373,200 $ 134,580 $ 77,199...
Simon Company's year-end balance sheets follow. 2018 2017 2016 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 $ 25,524 $ 31,053 $ 31,396 76,996 52,74541,861 97,758 68,994 45,951 8,387 8,231 3,524 232,778 219,531 200,868 $ 441,443 $ 380,554 $ 323,600 62,384 $ 42,288 83,821 87,527 70,...
exercise 13-6 ammon-size percents Simon Company's year-end balance sheets follow. (1) Express the balance sheets in common-size per- cents. Round percents to one decimal. (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) Is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Chapter 13 Analysis of Financial Statements Current Yr 1 Yr Ago 2 Yrs...
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 28,167 84,968 103,689 9,348 260,975 $ 487,147 $ 32,924 $ 58,794 78,468 8,643 241,125 $ 419,954 $ 34,307 45,742 48,233 3,774 211,044 343,100 $ 120,087 $ 69,553 $ 44,383...
Simon Company's year-end balance sheets follow. At December 31 2017 2016 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $31,986 37,389 $ 37,778 53,487 56,421 4, 284 92,705 117,737 10,717 64,769 86,461 10,013 294,468 273,448241,430 547,613 472,080 393,400 Liabilities and Equity Accounts payable Long-term notes payable secured by s139,083 $ 79,782 51,929 101,922 109,664 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 88,680 163,500 163,5ee 163,500 89,291...
Simon Company's year-end
balance sheets follow. At December 31 2017 2016 2015 Assets Cash $
34,342 $ 40,143 $ 40,996 Accounts receivable, net 100,540 69,541
54,115 Merchandise inventory 125,146 94,706 59,978 Prepaid expenses
10,948 10,644 4,646 Plant assets, net 316,979 291,824 254,365 Total
assets $ 587,955 $ 506,858 $ 414,100 Liabilities and Equity
Accounts payable $ 150,793 $ 87,372 $ 55,208 Long-term notes
payable secured by mortgages on plant assets 108,325 116,577 91,516
Common stock, $10 par value 163,500 163,500...
Simon Company's year-end balance sheets follow. BERTATE 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 $ 35,705 $ 40,999 $ 43,031 102,458 72,314 57,375 130, 110 93,647 59,924 11,498 10,630 4,781 319,401 299,028 256,889 $ 599,172 $ 516,528 $ 422,000 $ 146,210 $...
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