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Homework Answers
| Part 1 | ||||
| profit margin ratio | ||||
| Numerator | Denominator | |||
| Net income | net sales | profit margin ratio | ||
| Current year | 49150 | 775000 | 6.34% | |
| 1 year ago | 49925 | 550000 | 9.08% | |
| Profit margin ratio has worsen during the current year versus 1 year ago | ||||
| Part 2 | ||||
| total assets turnover | ||||
| Numerator | Denominator | |||
| Net sales | Average total assets | |||
| Current year | 775000 | (521000+446350)/2=483675 | 1.602 | times |
| 1 year ago | 550000 | (446350+379800)/2=413075 | 1.331 | times |
| Part 3 | ||||
| Return on Asset | ||||
| Numerator | Denominator | |||
| EBIT | Average total assets | |||
| Current year | 69750 | 483675 | 14.42% | |
| 1 year ago | 71500 | 413075 | 17.31% | |
| Simon's operating efficiency has worsen as compared to the preivous year. | ||||
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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...
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 $ 3.80 88, see 118, see 10,55€ 279,20 $519,650 $ 36, $ 37,620 62, 49, see 84, ese 54, Bee 9,450 5 , 480 251,000 228, 22 $442,450 $ 374,500 Accounts receivable, net Merchandise inventory Prepaid cxpenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured...
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. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 31,400 $ 35,250 $ 37,400 Accounts receivable, net 89,500 63,000 50,500 Merchandise inventory 111,500 80,400 54,000 Prepaid expenses 10,400 9,200 5,400 Plant assets, net 277,000 258,000 235,000 Total assets $ 519,800 $ 445,850 $ 382,300 Liabilities and Equity Accounts payable $ 130,000 $ 76,000 $ 50,200 Long-term notes payable...
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 $ 31,000 87,300 110,500 10,950 279,000 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 $ 35,750 $ 38,600 63,500 49,500 82,400...
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. At December 31 1 Yr Ago 2 Yrs Ago Current Yr Assets Cash Accounts receivable, net Merchandise inventory Рrеpaid exреnses Plant assets, net 33,648 $ 28,786 9,480 115,eee 9,27e 245,448 34,78e se,48e ве, еее 3,856 281,544 62,880 вз,еве 8,833 232, 319 428,680 Total assets 487,896 350, see Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Cormon stock,...
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 $ 30,400 86,500 111,500 10,850 281,000 $520, 250 $ 36,250 $ 38,000 62,500 50,500 83,800 54,000 9,450 5,500 251,000 229,000 $443,000 $ 377,000 $130,000...
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 $ 28,821 89,600 110,500 9,281 260, 262 $ 498,464 $ 33,689 $ 35,451...
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...
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 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 $ 23,741 69,512 86,515 7,802 223,038 $410,608 $ 27,751 $ 29,805 49,556 39, 338...
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. 1 Yr Ago 2 Yrs Ago At December 31 Current Yr Assets $ 30, 149 87, 380 113, 193 9,709 275, 723 $ 36,665 $ 63,540 80,671 9,064 255,020 $ 444,960 $ 370, 800 37,443 48,946 51,601 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 4, 201 228, 609 Total assets $516, 154 Liabilities and Equity Accounts payable Long-term notes...
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 $ 32,200 $ 35,750 $ 38,200 Accounts receivable, net 88,700 63,000 50,500 Merchandise inventory 111,500 81,400 53,500 Prepaid expenses 11,000 9,450 5,100 Plant assets, net 281,000 251,500 234,000 Total assets $ 524,400 $ 441,100 $ 381,300 Liabilities and Equity Accounts payable $ 129,600 $ 75,750 $ 50,200 Long-term notes payable secured by mortgages on plant assets 97,500 100,000 83,000 Common stock,...
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 $ 3.80 88, see 118, see 10,55€ 279,20 $519,650 $ 36, $ 37,620 62, 49, see 84, ese 54, Bee 9,450 5 , 480 251,000 228, 22 $442,450 $ 374,500 Accounts receivable, net Merchandise inventory Prepaid cxpenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured...
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 $ 31,000 87,300 110,500 10,950 279,000 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 $ 35,750 $ 38,600 63,500 49,500 82,400...
Required Information The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow. At December 31 1 Yr Ago 2 Yrs Ago Current Yr Assets Cash Accounts receivable, net Merchandise inventory Рrеpaid exреnses Plant assets, net 33,648 $ 28,786 9,480 115,eee 9,27e 245,448 34,78e se,48e ве, еее 3,856 281,544 62,880 вз,еве 8,833 232, 319 428,680 Total assets 487,896 350, see Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Cormon 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 $ 30,400 86,500 111,500 10,850 281,000 $520, 250 $ 36,250 $ 38,000 62,500 50,500 83,800 54,000 9,450 5,500 251,000 229,000 $443,000 $ 377,000 $130,000...
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 $ 28,821 89,600 110,500 9,281 260, 262 $ 498,464 $ 33,689 $ 35,451...
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...
Required information [The following information applies to the questions displayed below.) 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 $ 23,741 69,512 86,515 7,802 223,038 $410,608 $ 27,751 $ 29,805 49,556 39, 338...
Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 1 Yr Ago 2 Yrs Ago At December 31 Current Yr Assets $ 30, 149 87, 380 113, 193 9,709 275, 723 $ 36,665 $ 63,540 80,671 9,064 255,020 $ 444,960 $ 370, 800 37,443 48,946 51,601 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 4, 201 228, 609 Total assets $516, 154 Liabilities and Equity Accounts payable Long-term notes...
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