Days Sales Uncollected | |||||||
Choose Numerator | / | Choose Denominator | * | Days | = | Days' Sales uncollected | |
Average Account receivable | / | Net sales | * | 365 | |||
2017 | (89900+63000) = 76450 | / | 565219 | * | 365 | = | 49.37 days |
2016 | (63000+57000) = 60000 | / | 446029 | * | 365 | = | 49.10 days |
Accounts Receivable Turnover | |||||
Choose Numerator | / | Choose Denominator | = | Account Receivable Turnover | |
Sales | / | Average Account Receivable | = | Account receivable turnover | |
2017 | 565219 | / | (63000+89900)/2 = 76450 | = | 7.39 times |
2016 | 446029 | / | (57000+63000)/2 = 60000 | = | 7.43 times |
Inventory Turnover | |||||
Choose Numerator | / | Choose Denominator | = | Inventory Turnover | |
Cost of goods sold | / | Average stock | = | Inventory Turnover | |
2017 | 344789 | / | (84000+110500) = 97250 | = | 3.55 times |
2016 | 289919 | / | (60000+84000) = 72000 | = | 4.03 times |
Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 (The following information applies to the questions displayed below.) 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 $ 27,733 $ 32,418 $ 32,457 89,500 63,000 52,300 114,000...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.) 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 $ 32,230 $ 37,673 $ 39,243 89,400 62,800 50, 100...
Exercise 17-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow. The company’s income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit: Exercise 17-8 Part 1 (1) Compute days' sales uncollected. Exercise 17-8 Part 2 (2) Compute accounts receivable turnover. Exercise 17-8 Part 3 (3) Compute inventory turnover. Exercise 17-8 Part 4 (4) Compute days' sales in inventory....
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.] Simon Companyâ€s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 26,619 $ 31,115 $ 32,412 Accounts receivable, net 89,000 62,100 53,200 Merchandise inventory 114,500 83,000 57,000 Prepaid expenses 8,572 8,168 3,601 Plant assets, net 217,041 208,489 184,487 Total assets $ 455,732 $ 392,872 $ 330,700 Liabilities and Equity Accounts payable $ 112,342 $ 65,731 $ 43,216...
Exercise 17-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.j Simon Company's year-end balance sheets follovw At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 $ 31,800 35,625 $37,800 50,200 54,000 5,000 278, 500 255,000 230,500 $523,000 $445,000 377,500 89,500 62,500 112,500 82,500 9,375 10,700 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 75,250 $ 51,250 mortgages on plant assets Common...
Required information Part 2 of 4 Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. points At December 31 Assets 2017 2015 2016 $ 33,579 $ 39,250 $ 40,076 57,400 58,000 4,453 240,871 Cash 89,000 112,000 10,813 Accounts receivable, net Merchandise inventory Prepaid expenses 63,000 83,500 10,303 eBook 318,101 289,717 Plant assets, net $ 563,493 $ 485,770 $ 400,800 Total assets Hint Liabilities and Equity $...
Exercise 13-9 Risk and capital structure analysis LO P3 (The following information applies to the questions displayed below.] 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 $31.899 $35.625 $ 37.899 89,500 62.5ee 5 0.200 112,500 82,509 54,...
Exercise 13-10 Efficiency and profitability analysis LO P3 [The following information applies to the questions displayed below.j 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 $ 32,000 $ 35,750 $ 37,800 88,700 61,500 50,500 112,500 82,000 53,500...
Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below) 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 $ 28,642 $ 31,838 $ 32,853 80,570 56,29145, 131 101,302 74,385...
requirea information Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below.) 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 $ 26,279 $ 30,410 $ 31,367 75,402 52,681 40,580...