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Required Information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Common stock, $10 par value Retained earnings Total liabilities and equity For Year Ended December 31 Sales Cost of goods sold. other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Year Earnings per share. $ 32,931 89,500 110,500 10,605 326,001 $ 569,537 $ 138,978 104,931 162,500 163,128 $ 569,537 Current Year 1 Year Ago $ 451,643 229,523 12,587 9,625 $ 38,493 62,500 83,000 10,104 296,883 $ 490,980 $ 81,316 110,667 162,500 136,497 $ 490,980 The company's Income statements for the current year and one year ago follow. Assume that all sales are on credit $ 740,398 2 Years Ago 703,378 $ 37,020 $ 2.28 $ 40,506 51,100 52,000 4,501 269,393 $ 417,500 $ 54,008 98,422 162,500 110,570 $ 417,500 1 Year Ago $379,773 147,819 13,438 8,764 $ 584,266 549,794 $ 34,472 $ 2.12
(1-0) Compute days' sales uncollected. (1-b) For each ratio, determine if it Improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18- Compute days' sales uncollected. Current Year: 1 Year Ago: Numerator: Days Sales Uncollected Denominator: Days M 11 Required 18 > Days' Sales Uncollected Days' sales uncollected 0 days 0 days
(1-0) Compute days' sales uncollected. (1-b) For each ratio, determine if It Improved or worsened in the current year Complete this question by entering your answers in the tabs below. Required 1A Required 18 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected. < Required 1A depresse 135.
(2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it Improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute accounts receivable turnover. Current Year: 1 Year Ago: Numerator: Accounts Receivable Turnover Denominator: Accounts Receivable Turnover Accounts receivable turnover times times Required 28 >
(2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 2A Required 28 For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover < Required 2A
(3-0) Compute Inventory turnover. (3-b) For each ratio, determine if It Improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 3A Required 3B Compute inventory turnover. Current Year: 1 Year Ago: Numerator: Inventory Turnover Denominator: CO RE Inventory Turnover Inventory turnover times times Required 3B >
Complete this question by entering your answers in the tabs below. Required 3A Required 38 For each ratio, determine if it improved or worsened in the current year. Inventory turnover < Required 3A
(4-a) Compute days' sales in Inventory. (4-b) For each ratio, determine if It Improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 4A Required 4B Compute days' sales in inventory. Current Year: 1 Year Ago: Numerator: Days! Sales In Inventory Denominator: STORIA x x Days W C Days' Sales In Inventory Days' sales in inventory Required 4B > days days
(4-0) Compute days' sales In Inventory. (4-b) For each ratio, determine if It Improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 4A Required 48 For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory < Required 4A Stergölzer 411 Y