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Nabisco Company's balance sheet accounts follow:
| At December 31 | 2010 | 2009 | 2008 | |||
| Assets | ||||||
| Cash | $ | 36,229 | $ | 42,780 | $ | 44,562 |
| Accounts receivable, net | 106,073 | 76,377 | 57,087 | |||
| Merchandise inventory | 137,408 | 98,929 | 62,038 | |||
| Prepaid expenses | 11,548 | 11,003 | 4,903 | |||
| Plant assets, net | 335,317 | 311,062 | 272,710 | |||
| Total assets | $ | 626,575 | $ | 540,151 | $ | 441,300 |
| Liabilities and Equity | ||||||
| Accounts payable | $ | 157,577 | $ | 94,024 | $57,087 | |
| Long-term notes payable secured by mortgages on plant assets | 116,618 | 127,962 | 99,478 | |||
| Common stock, $10 par value | 163,500 | 163,500 | 163,500 | |||
| Retained earnings | 188,880 | 154,665 | 121,235 | |||
| Total liabilities and equity | $ | 626,575 | $ | 540,151 | $ | 441,300 |
The company's income statements for the years ended December 31, 2010 and 2009, follow:
| For Year Ended December 31 | 2010 | 2009 | ||||||
| Sales | $ | 685,000 | $ | 557,000 | ||||
| Cost of goods sold | $ | 417,850 | $ | 356,265 | ||||
| Other operating expenses | 207,282 | 141,971 | ||||||
| Interest expense | 8,175 | 8,960 | ||||||
| Income taxes | 12,900 | 12,450 | ||||||
| Total costs and expenses | 646,207 | 519,646 | ||||||
| Net income | $ | 38,793 | $ | 37,354 | ||||
| Earnings per share | $ | 2.37 | $ | 2.28 | ||||
Compare the company's long-term risk and capital structure positions at the end of 2010 and 2009 by computing the following ratios.
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Required information
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Nabisco Company's balance sheet accounts...
[The following information applies to the questions displayed below.] Nabisco Company's balance sheet accounts follow: At...
[The following information applies to the questions displayed below.] Nabisco Company's balance sheet accounts follow: At December 31 2010 2009 2008 Assets Cash $ 36,229 $ 42,780 $ 44,562 Accounts receivable, net 106,073 76,377 57,087 Merchandise inventory 137,408 98,929 62,038 Prepaid expenses 11,548 11,003 4,903 Plant assets, net 335,317 311,062 272,710 Total assets $ 626,575 $ 540,151 $ 441,300 Liabilities and Equity Accounts payable $ 157,577 $ 94,024 $57,087 Long-term notes payable secured by mortgages on plant assets 116,618 127,962...
Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets...
Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,800 89,500 112,500 10,780 278,500 $ 523,000 $ 35,625 $ 37,800 62,500...
3 Required Information The following information applies to the questions displayed below. Simon Company's year-end balance...
3 Required Information The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow At December 31 Part 3 of 4 2017 2016 2015 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 35,323 41,290 41,745 96,800 62,700 57,600 111,500 84,500 53,e00 11,375 10,839 4,638 338,764 306,673 256,417 $586,962 $506,082 $413,400 10 points Liabilities and Equity Accounts payable Long-term notes payable secured by $149,077 S 87,225 s 55,660 Hint mortgages...
une information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets...
une information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Y 1 Yr Ago 2 Yrs Ago 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, sie par value Retained earnings Total liabilities and equity $ 31,800 89,5ee 112,5ee 10,700 278, 5ee $ 523,000 $ 35,625 $ 37,8ee...
! Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance...
! Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 35,625 $ 37,800...
Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets...
Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 35,625 $ 37,800 62,500...
[The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow. At...
[The following information applies to the questions displayed below.] 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...
2 Required Informetion The following information applies to the questionis displayed below. Simon Company's year-end balance...
2 Required Informetion The following information applies to the questionis displayed below. Simon Company's year-end balance sheets follow. |At December31 Part 2 of 4 2017 2016 2015 0 points Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets s 35, 323 $ 41,290 41,745 98,e0 62,789 57,689 111,580 84,500 53,000 11,375 10,839 4,638 338,764386,673 256,417 $586,962 $506,002 $413,480 eBook Liabilities and Equity Accounts payable Long-tere notes payable secured by Hint 149,077 S 87,225 $ 55,66...
nment Required information (The following information applies to the questions displayed below Simon Company's year-end balance...
nment Required information (The following information applies to the questions displayed below Simon Company's year-end balance sheets follow. At Decenber 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 2917 2016111122015เห 32,48035,e0 37,688 51,000 111,800 89,40 53,0e0 S,1ee 276,880 253,50 231,e8e $519,850 $449,300 $ 377, 7ee 89,700 62,800 10,750 9,400 $128, 880 72,5e8 se,280 mortgages on plant assets Conmon stock, $10 par value Retained...
Required Informetlon The following information applies to the questions displayed below. Simon Co...
Required Informetlon The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow. 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 2817 2816 2815 38,288 35,750 $38,28e 51,eee 89,380 113,eee 18,580 62,see 81,800 9,480 52,58 4,888 278,80 254,58 232,8ee 5521,808 $443,158 378,58e $13e,8ee 73,8 51,886e mortgages on plant assets Common stock, $18 par value Retained earnings Total...
Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,800 89,500 112,500 10,780 278,500 $ 523,000 $ 35,625 $ 37,800 62,500...
3 Required Information The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow At December 31 Part 3 of 4 2017 2016 2015 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 35,323 41,290 41,745 96,800 62,700 57,600 111,500 84,500 53,e00 11,375 10,839 4,638 338,764 306,673 256,417 $586,962 $506,082 $413,400 10 points Liabilities and Equity Accounts payable Long-term notes payable secured by $149,077 S 87,225 s 55,660 Hint mortgages...
une information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Y 1 Yr Ago 2 Yrs Ago 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, sie par value Retained earnings Total liabilities and equity $ 31,800 89,5ee 112,5ee 10,700 278, 5ee $ 523,000 $ 35,625 $ 37,8ee...
! Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 35,625 $ 37,800...
Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 35,625 $ 37,800 62,500...
2 Required Informetion The following information applies to the questionis displayed below. Simon Company's year-end balance sheets follow. |At December31 Part 2 of 4 2017 2016 2015 0 points Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets s 35, 323 $ 41,290 41,745 98,e0 62,789 57,689 111,580 84,500 53,000 11,375 10,839 4,638 338,764386,673 256,417 $586,962 $506,002 $413,480 eBook Liabilities and Equity Accounts payable Long-tere notes payable secured by Hint 149,077 S 87,225 $ 55,66...
nment Required information (The following information applies to the questions displayed below Simon Company's year-end balance sheets follow. At Decenber 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 2917 2016111122015เห 32,48035,e0 37,688 51,000 111,800 89,40 53,0e0 S,1ee 276,880 253,50 231,e8e $519,850 $449,300 $ 377, 7ee 89,700 62,800 10,750 9,400 $128, 880 72,5e8 se,280 mortgages on plant assets Conmon stock, $10 par value Retained...
Required Informetlon The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow. 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 2817 2816 2815 38,288 35,750 $38,28e 51,eee 89,380 113,eee 18,580 62,see 81,800 9,480 52,58 4,888 278,80 254,58 232,8ee 5521,808 $443,158 378,58e $13e,8ee 73,8 51,886e mortgages on plant assets Common stock, $18 par value Retained earnings Total...
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