Homework Answers
| 2017 | 2016 | 2015 | ||||||
| cash | 28837 | 33054 | 34087 | |||||
| Accounts receivable | 83579 | 57844 | 45899 | |||||
| Mmerchandise Inventory | 103045 | 74166 | 47924 | |||||
| Prepaid expense | 9196 | 8419 | 3750 | |||||
| Total Current Assets | 224657 | 173483 | 131660 | |||||
| Current Liabilities-Accounts Pay. | 118159 | 67060 | 44999 | |||||
| Liquid Assets | 112416 | 90898 | 79986 | |||||
| (Current Assets-Inventory-prepaid expense) | ||||||||
| Req a: | ||||||||
| CURRENT RATIO | ||||||||
| NUMERATOR / | DENOMINATOR = | CURRENT RATIO | ||||||
| CURRENT ASSETS / | CURRENT LIABILITIES = | CURRENT RATIO | ||||||
| 2017 | 224657 / | 118159 = | 1.9 | |||||
| 2016 | 173483 / | 67060 = | 2.59 | |||||
| 2015 | 131660 / | 44999 = | 2.93 | |||||
| Req b: | ||||||||
| ACID TEST RATIO | ||||||||
| NUMERATOR / | DENOMINATOR = | CURRENT RATIO | ||||||
| LIQUID ASSETS / | CURRENT LIABILITIES = | CURRENT RATIO | ||||||
| 2017 | 112416 / | 118159 = | 0.95 | |||||
| 2016 | 90898 / | 67060 = | 1.36 | |||||
| 2015 | 79986 / | 44999 = | 1.78 | |||||
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201 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 28,837...
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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 27,311 31,601 33,587 44,782 101,53376,061 46,744 3,769 171 207,018 467,573 403,080 $335,900 78,356 55, 867 9,062 8,380 251,311231, 115,261 67,43945,226 mortgages on plant assets Conmon stock, $10 par value Retained earnings Total liabilities and equity 89,662 93,635 74,976 162,500 162,500 162,500 100,150 79,506 53,198 467,573 $ 403,080 $ 335,900 1. Compute the current...
Simon Company's year-end balance sheets follow. Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant...
Simon Company's year-end balance sheets follow. Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by s 31,614 36,954 $ 37,246 52,875 115,20385, 455 56,328 4,406 283,913261,113 231,945 $ 530, 521 457,346 $ 388,900 89,812 64,028 9,979 9, 196 s 136,063 18,064 52,361 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,741105, 190 8 666 162, 500 162, 500...
2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant...
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At December 31 2017 2816 2815 Assets Cash 35,952 $42,857 42,076 53,879 Accounts receivable, net Merchandise...
At December 31 2017 2816 2815 Assets Cash 35,952 $42,857 42,076 53,879 Accounts receivable, net Merchandise inventory Prepaid expenses 106,264 133,607 72,815 95,220 11,463 316,040 1e,922 297,295 59,754 4,49e 260,601 Plant assets, net Total assets S 603,326 S 520,1e9 $ 420,8ee Liabilities and Equity Accounts payable Long-tern notes payable secured by S 148,726 85,261 54,99e mortgages on plant assets Conmon stock, $1e par value Retained earnings 114,56e 119,625 162,5e0 152,723 92,067 162,5ee 111,243 162,5ee 177,540 Total liabilities and equity $...
Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,880...
Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,880 $ 35,580 s 37,286 88,780 61,580 51,800 112,e80 83,60052,809 4,800 10,4ее 9,3ee 278,880 251,eee 228,88 $520,980 $440,980 $373,00 Liabilities and Equity Accounts payable Long-term notes payable secured by $128,800 $ 73,000 $ 5,800 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,e80 99,250 81,660 163,580163,580163,5e 77.180 $520,989 $440,989 $ 373,0 13e,600 185,158 The company's income statements for...
Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory...
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 2017 2016 2015 $ 27,328 $ 32,931 $ 33,274 81,653 55,901 46,195 104,717 74,631 50,187 9,254 8,558 3,926 254,553 239,621 212,918 $477,505 $411,642 $346,500 $120,088 $ 71,655 $ 46,195 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 88,873 91,837 75,045...
er 13 Assignment。 Saved Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts...
er 13 Assignment。 Saved 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 29,155 s 32,73e 34,197 85,337 59,639 46,395 198,347 76,468 5,404 3,751 256,846 244,259 213,343 489,260 421,776 348,eee 9,575 8,680 s 119,389 7e,567 $44,558 mortgages on plant assets 91,981 98,949 76,988 162,5e 162,588 162,see 64,834 489, 268 $ 421,776 348,eee ock, $1e par value...
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 $ 26,1225 30,846 $ 34,119 79,574 53,981 44,167 97,135 70,612 47,513 8,498 8,261 3,791 240,461 225, 274 205,010 $ 451,799 $ 389,474 $ 334,600 $ 114,746 $ 65,821 $...
Simon Company's year-end balance sheets follow. At December 3 Assets Cash Accounts receivable, net Merchandise inventory...
Simon Company's year-end balance sheets follow. At December 3 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 2013 $ 30,048 $ 36,542 $ 36,960 89,72663,94849,777 107,283 82,862 55,155 9,406 277,301250,712 231,184 10,067 4,024 Total assets $514,425 $443,470 $ 377,100 Liabilities and Equity Accounts payable Long-term notes payable secured by $128,092 $ 73,448 $ 50,773 mortgages on plant assets Common stock, $10 par valuee Retained earnings 98,646100,978 82,506 162,500 162,500162,500 125,187 106,544 81,321 Total liabilities and equity...
Simon Company's year-end balance sheets follow. 2017 2016 2015 $ At December 31 Assets Cash Accounts...
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 Longtern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 28,5315 33,684 $ 33,705 81,039 57, 196 46, 315 180,851 78,665 50, 317 8,912 8,579 3,745 264,248 238,756 213,318 $ 483,581 $ 416,880 $ 347,400 $ 119,208 $...
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 27,311 31,601 33,587 44,782 101,53376,061 46,744 3,769 171 207,018 467,573 403,080 $335,900 78,356 55, 867 9,062 8,380 251,311231, 115,261 67,43945,226 mortgages on plant assets Conmon stock, $10 par value Retained earnings Total liabilities and equity 89,662 93,635 74,976 162,500 162,500 162,500 100,150 79,506 53,198 467,573 $ 403,080 $ 335,900 1. Compute the current...
Simon Company's year-end balance sheets follow. Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by s 31,614 36,954 $ 37,246 52,875 115,20385, 455 56,328 4,406 283,913261,113 231,945 $ 530, 521 457,346 $ 388,900 89,812 64,028 9,979 9, 196 s 136,063 18,064 52,361 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,741105, 190 8 666 162, 500 162, 500...
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 $ 28,394 $ 33,515 $ 79,066 56,943 102,454 72,989 9,654 8,712 252,845 234,576 $ 471,813 $ 406,735 $ 32,898 44,302 45,771 3,582 205,747 332,300 $ 115, 132 $ 66,676 $ 43,425 91,362 92,614 72,704 163,500...
At December 31 2017 2816 2815 Assets Cash 35,952 $42,857 42,076 53,879 Accounts receivable, net Merchandise inventory Prepaid expenses 106,264 133,607 72,815 95,220 11,463 316,040 1e,922 297,295 59,754 4,49e 260,601 Plant assets, net Total assets S 603,326 S 520,1e9 $ 420,8ee Liabilities and Equity Accounts payable Long-tern notes payable secured by S 148,726 85,261 54,99e mortgages on plant assets Conmon stock, $1e par value Retained earnings 114,56e 119,625 162,5e0 152,723 92,067 162,5ee 111,243 162,5ee 177,540 Total liabilities and equity $...
Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,880 $ 35,580 s 37,286 88,780 61,580 51,800 112,e80 83,60052,809 4,800 10,4ее 9,3ee 278,880 251,eee 228,88 $520,980 $440,980 $373,00 Liabilities and Equity Accounts payable Long-term notes payable secured by $128,800 $ 73,000 $ 5,800 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,e80 99,250 81,660 163,580163,580163,5e 77.180 $520,989 $440,989 $ 373,0 13e,600 185,158 The company's income statements for...
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 2017 2016 2015 $ 27,328 $ 32,931 $ 33,274 81,653 55,901 46,195 104,717 74,631 50,187 9,254 8,558 3,926 254,553 239,621 212,918 $477,505 $411,642 $346,500 $120,088 $ 71,655 $ 46,195 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 88,873 91,837 75,045...
er 13 Assignment。 Saved 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 29,155 s 32,73e 34,197 85,337 59,639 46,395 198,347 76,468 5,404 3,751 256,846 244,259 213,343 489,260 421,776 348,eee 9,575 8,680 s 119,389 7e,567 $44,558 mortgages on plant assets 91,981 98,949 76,988 162,5e 162,588 162,see 64,834 489, 268 $ 421,776 348,eee ock, $1e par value...
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 $ 26,1225 30,846 $ 34,119 79,574 53,981 44,167 97,135 70,612 47,513 8,498 8,261 3,791 240,461 225, 274 205,010 $ 451,799 $ 389,474 $ 334,600 $ 114,746 $ 65,821 $...
Simon Company's year-end balance sheets follow. At December 3 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 2013 $ 30,048 $ 36,542 $ 36,960 89,72663,94849,777 107,283 82,862 55,155 9,406 277,301250,712 231,184 10,067 4,024 Total assets $514,425 $443,470 $ 377,100 Liabilities and Equity Accounts payable Long-term notes payable secured by $128,092 $ 73,448 $ 50,773 mortgages on plant assets Common stock, $10 par valuee Retained earnings 98,646100,978 82,506 162,500 162,500162,500 125,187 106,544 81,321 Total liabilities and equity...
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 Longtern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 28,5315 33,684 $ 33,705 81,039 57, 196 46, 315 180,851 78,665 50, 317 8,912 8,579 3,745 264,248 238,756 213,318 $ 483,581 $ 416,880 $ 347,400 $ 119,208 $...
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