- Simon Company S Year End Balance Sheets Follow 6 Current Yr 1 Yr Ago 2 Yrs Ago 10 Points 33 498 38 756 40 371 99 1 (87.9 KiB) Viewed 92 times
- Simon Company S Year End Balance Sheets Follow 6 Current Yr 1 Yr Ago 2 Yrs Ago 10 Points 33 498 38 756 40 371 99 2 (70.79 KiB) Viewed 92 times
- Simon Company S Year End Balance Sheets Follow 6 Current Yr 1 Yr Ago 2 Yrs Ago 10 Points 33 498 38 756 40 371 99 3 (72.16 KiB) Viewed 92 times
Simon Company's year-end balance sheets follow. 6 Current Yr 1 Yr Ago 2 Yrs Ago 10 points $ 33, 498 $ 38,756 $ 40,371 99,068 70, 620 56, 603 127, 050 94,243 60, 294 11, 008 10, 383 4,671 308, 721 285,433 258,461 $579, 345 $499, 435 $420,400 8 01:57:12 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 $145,699 $ 86,937 $ 55,493 eBook 111, 095 114,870 93,837 163,500 163,500 163,500 159,051 134, 128 107,570 $579, 345 $499, 435 $420,400 1. Express the balance sheets in common-size percents. (Do not round intermedia round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change i as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3
6 Req 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and rour answers to 1 decimal place.) nts SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago B 01:57:06 2 Years Ago Assets 96 % 96 eBook 9% 96 96 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 Retained earnings Total liabilities and equity 96 % % 96 96 96 < Reo Req 2 and 3 >
1. Express the balance sheets in common-size percents. (Do not round intermediate cal 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 acco a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in mer as a percentage of total assets favorable or unfavorable? 57:02 Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 ok Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percent assets favorable or unfavorable? Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a per total assets favorable or unfavorable? 2. Change in accounts receivable 3. Change in merchandise inventory < Req 1 Rea 2 and 3