Excercise 13-6 common size
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 25, 769 72,468 92,045 8,381 233, 776 $ 432,439 $ 29,525 $ 32,324 51, 669 42,681 68,967 45,014 7,672 3,557 214,959 193,424 $ 372,792 $ 317,000 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 $ 109,831 $ 61,742 42,681 80,486 163,500 78,622 $ 432,439 84,885 70,758 163,500 163,500 62,665 40,061 $ 372,792 $ 317,000 rau
1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place. 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. Assuming annual sales have not changed in the last three years , is the change in merchandise inventory as percentage of total assets favorable or unfavorable ?
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Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr...
Exercise 13-6 Common-size percents LO P2 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 $ 26,310 77,041 99,830 8,910 247,637 $ 459,728 $ 32,339 $ 32,696 54,930 44,916 71,119 46,897 8,406 3,560...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr...
Exercise 13-6 Common-size percents LO P2 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 $ 32,972 93,653 121,355 10,300 300,573 $558,853 $ 39,312 $ 38,172 65,424 51,421 90,910 57,574 10,117 4,329 276,007...
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...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yri Yr Ago...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yri 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 $ 27,842 81,493 102,462 8,877 246,551 $ 467,225 $ 31,900 $ 33,908 55,825 46,114 74,514 48,635 8,458 3,805 232,083...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr...
Exercise 13-6 Common-size percents LO P2 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 $ 28,970 84,802 103,456 9,329 264,452 $ 491,009 $ 34,201 $ 34,921 59,260 47,032 75,958 51,101 9,156 3,998...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr...
Exercise 13-6 Common-size percents LO P2 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 $ 30,524 88.468 106.826 9.927 276,488 $ 512,233 $ 35,680 $ 37,902 63,676 50,046 80,058 53,837 EL 9,366...
Ch 13 Ex 13-6 i Saved Help Save & Exit Submit Check my work 1 Simon...
Ch 13 Ex 13-6 i Saved Help Save & Exit Submit Check my work 1 Simon Company's year-end balance sheets follow. 1 Yr Ago At December 31 Current Yr 2 Yrs Ago Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 27,775 82,990 102,258 8,945 263,355 34,475 $ 33,150 46,933 50,489 3,873 18 59,159 78,175 8,698 237,875 polnts 210,755 418,382 $ 345,200 $ 485,323 Total assets eBook Liabilities and Equity Accounts payable Long-term notes payable secured by...
ercise 13-6 Common-size percents LO P2 mon Company's year-end balance sheets follow. Current Yr 1 Yr...
ercise 13-6 Common-size percents LO P2 mon 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, niet Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, sle par value Retained earnings Total liabilities and equity $ 28,741 80,850 101,653 9,074 257,262 $ 477,580 $ 33,595 5 35,366 58,215 47,622 76,166 50, 225 8,905...
Simon Company's year-end balance sheets follow Current Yr 1 Yr Ago 2 Yrs Ago At December...
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 $ 30,338 87,057 112,741 9,480 269,488 $ 509,104 $ 35,111 $ 37,686 61,444 49,755 81,193 52,994 9,032 4,023 252,103 228,742 $ 438,883 $ 373,200...
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 26,870 $ 32,049 $ 32,079 Accounts receivable, net 79,466 56,647 42,340 Merchandise inventory 101,912 71,890 46,012 Prepaid expenses 8,565 8,581 3,636 Plant assets, net 247,900 231,448 203,233 Total assets $ 464,713 $ 400,615 $ 327,300 Liabilities and Equity Accounts payable $ 118,028 $ 69,058 $ 43,636 Long-term notes payable secured by mortgages on plant assets 85,619 93,984 71,610 Common stock,...
Exercise 13-6 Common-size percents LO P2 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 $ 26,310 77,041 99,830 8,910 247,637 $ 459,728 $ 32,339 $ 32,696 54,930 44,916 71,119 46,897 8,406 3,560...
Exercise 13-6 Common-size percents LO P2 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 $ 32,972 93,653 121,355 10,300 300,573 $558,853 $ 39,312 $ 38,172 65,424 51,421 90,910 57,574 10,117 4,329 276,007...
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...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yri 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 $ 27,842 81,493 102,462 8,877 246,551 $ 467,225 $ 31,900 $ 33,908 55,825 46,114 74,514 48,635 8,458 3,805 232,083...
Exercise 13-6 Common-size percents LO P2 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 $ 28,970 84,802 103,456 9,329 264,452 $ 491,009 $ 34,201 $ 34,921 59,260 47,032 75,958 51,101 9,156 3,998...
Exercise 13-6 Common-size percents LO P2 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 $ 30,524 88.468 106.826 9.927 276,488 $ 512,233 $ 35,680 $ 37,902 63,676 50,046 80,058 53,837 EL 9,366...
Ch 13 Ex 13-6 i Saved Help Save & Exit Submit Check my work 1 Simon Company's year-end balance sheets follow. 1 Yr Ago At December 31 Current Yr 2 Yrs Ago Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 27,775 82,990 102,258 8,945 263,355 34,475 $ 33,150 46,933 50,489 3,873 18 59,159 78,175 8,698 237,875 polnts 210,755 418,382 $ 345,200 $ 485,323 Total assets eBook Liabilities and Equity Accounts payable Long-term notes payable secured by...
ercise 13-6 Common-size percents LO P2 mon 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, niet Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, sle par value Retained earnings Total liabilities and equity $ 28,741 80,850 101,653 9,074 257,262 $ 477,580 $ 33,595 5 35,366 58,215 47,622 76,166 50, 225 8,905...
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 $ 30,338 87,057 112,741 9,480 269,488 $ 509,104 $ 35,111 $ 37,686 61,444 49,755 81,193 52,994 9,032 4,023 252,103 228,742 $ 438,883 $ 373,200...
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