Business
Business, 24.04.2020 19:28, karmaxnagisa20

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 24,425 $ 28,262 $ 29,145 Accounts receivable, net 71,505 50,972 40,446 Merchandise inventory 89,005 67,356 43,083 Prepaid expenses 8,024 7,721 3,271 Plant assets, net 225,198 206,169 184,455 Total assets $ 418,157 $ 360,480 $ 300,400 Liabilities and Equity Accounts payable $ 102,039 $ 60,921 $ 39,256 Long-term notes payable secured by mortgages on plant assets 79,400 85,398 67,716 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 73,218 50,661 29,928 Total liabilities and equity $ 418,157 $ 360,480 $ 300,400 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

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 13:10, Mikey3414
Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .
Answers: 1
image
Business, 22.06.2019 14:50, demarcuswiseman
Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)
Answers: 2
image
Business, 22.06.2019 19:00, michael1498
It is estimated that over 100,000 students will apply to the top 30 m. b.a. programs in the united states this year. a. using the concept of net present value and opportunity cost, when is it rational for an individual to pursue an m. b.a. degree. b. what would you expect to happen to the number of applicants if the starting salaries of managers with m. b.a. degrees remained constant but salaries of managers without such degrees decreased by 20 percent
Answers: 3
image
Business, 22.06.2019 20:00, Haddixhouse8948
How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?
Answers: 1
Do you know the correct answer?
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets...

Questions in other subjects: