requirea iNtormation Exercise 13-9 Analyzing risk and capital structure LO P3 [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 $ 24,930 71,524 89,927 8,109 232,313 $426,803 Cash 24 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 29,435 $ 30,652 49,965 69,429 7,881 211,224 38,886 42,258 3,307 185,497 $ 367,934 $ 300,600 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 $105,211 $ 62,803 $ 40,473 81,844 162,500 82,932 162,500 59,699 $ 367,934 $ 300,600 68,426 162,500 29,201 77,248 $426,803 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 1 Yr Ago $ 437,841 Current Yr Sales $554,844 Cost of goods sold other operating expenses Interest expense $338,455 172,002 9,432 $284,597 110,774 10,070 < Prev 4 of 8 Next >

requirea iNtormation Exercise 13-9 Analyzing risk and capital structure LO P3 [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 $ 24,930 71,524 89,927 8,109 232,313 $426,803 Cash 24 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 29,435 $ 30,652 49,965 69,429 7,881 211,224 38,886 42,258 3,307 185,497 $ 367,934 $ 300,600 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 $105,211 $ 62,803 $ 40,473 81,844 162,500 82,932 162,500 59,699 $ 367,934 $ 300,600 68,426 162,500 29,201 77,248 $426,803 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 1 Yr Ago $ 437,841 Current Yr Sales $554,844 Cost of goods sold other operating expenses Interest expense $338,455 172,002 9,432 $284,597 110,774 10,070 < Prev 4 of 8 Next >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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