Day' s sales uncollected | ||||||||
Average Accounts Receivable | / | Net credit sales | x | Days | = | Day's sales uncollected | ||
Current Year | 75900 | / | 700837 | x | 365 | = | 40 | Days |
1 yr ago | 56600 | / | 553048 | x | 365 | = | 37 | Days |
Accounts Receivable Turnover | ||||||
Net sales | / | Average Accounts receivable | = | Accounts receivable Turnover | ||
Current Year | 700837 | / | 75900 | = | 9.23 | times |
1 yr ago | 553048 | / | 56600 | = | 9.77 | times |
Inventory Turnover | ||||||
Cost of goods sold | / | Average Inventory | = | Inventory Turnover | ||
Current Year | 427511 | / | 99250 | = | 4.31 | times |
1 yr ago | 359481 | / | 69750 | = | 5.15 | times |
Day' s sales in Inventory | ||||||||
Average Inventory | / | Cost of goods sold | x | Days | = | Day's sales in Inventory | ||
Current Year | 99250 | / | 427511 | x | 365 | = | 85 | Days |
1 yr ago | 69750 | / | 359481 | x | 365 | = | 71 | Days |
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ At...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 29,254 $ 34,195 $ 35,264 Accounts receivable, net 89,400 62,900 51,400 Merchandise inventory 112,000 83,000 59,000 Prepaid expenses 9,421 8,976 3,918 Plant assets, net 255,755 238,369 206,618 Total assets $ 495,830 $ 427,440 $ 356,200 Liabilities and Equity Accounts payable $ 123,462 $ 72,237 $ 47,018 Long-term notes payable secured by mortgages on plant assets 93,216 98,311 78,720 Common stock,...
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 50,200 82,500 54,000 9,375 5,000 255,000 230, 500 $ 445,000 $...
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 $ 27,437 90,000 115,000 8,836 214,637 $ 455, 910 $ 32,071 $ 32,425 62,300 50,400 84,000 60,000 8,419 3,603 206,236 174,672 $ 393, 026...
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 $ 31,953 89,200 110,500 10,290 310.679 $552,622 $ 37,350 $ 39, 303 62,900 51.900 84,000 55,000 9.804 4.367 282,344 254,530 $ 476,398 $ 405,100 $134,851 $ 78,901 $ 52,404 101,815...
Simon Company's year-end balance sheets follow. Current Yr1 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 $ 29,566 88,287 106,651 9,906 271,763 $ 506,173 $ 34,908 62,312 83,148 8,989 247,098 $ 436,356 $ 34,941 46,587 51, 635 4, eee 219,337 $...
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 $ 27,141 89,109 111,500 8,740 210,135 $ 446,616 $ 31,725 $ 31,764 62,600 51,200 82,000 59,000 8,328 3,529 200, 361 166,007 $385,014 $ 311,500...
Simon Company's year-end balance sheets follow. 1 Yr Ago 2 Yrs Ago At December 31 Current Yr Assets $ 34,559 $ 40,397 $ 62,800 83,000 Cash 41,659 50,500 53,000 Accounts receivable, net Merchandise inventory Prepaid expenses 89,900 114,000 11,129 10,604 308,159 4,629 Plant assets, net 336,166 271,012 $ 504,960 $ 420,800 $585,754 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 85,338 $ 55,546 $145,853 116,141...
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 $ 27,437 90,000 115,000 8,836 214,637 $ 455, 910 $ 32,071 $ 32,425 62,300 50,400 84,000 60,000 8,419 3,603 206,236 174,672 $ 393, 026...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 26,445 $ 30,912 $ 31,878 Accounts receivable, net 89,500 62,900 51,500 Merchandise inventory 114,000 85,000 56,000 Prepaid expenses 8,516 8,114 3,542 Plant assets, net 209,763 199,474 179,080 Total assets $ 448,224 $ 386,400 $ 322,000 Liabilities and Equity Accounts payable $ 111,608 $ 65,302 $ 42,504 Long-term notes payable secured by mortgages on plant assets 84,266 88,872 71,162 Common stock,...
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 $ 32,111 89,500 112,000 10,341 289,624 $ 533,576 $ 37,534 $ 37,948 62,600 51,900 83,500 60,000 9,853 4,216 266,492 221,736 $ 459,979 $ 375,800...