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 Current Year $ 27,970 80,264 100,917 9,097 251,134 $ 469,382 1 Year Ago $ 31,400 58,349 77,104 8,412 229,375 $ 404,640 $ 116,876 90,891 163,500 98,115 $ 469,382 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: 2 Years Ago $ 33,717 45,401 48,361 $ 70,436 92,137 163,500 78,567 $ 404,640 3,635 206,086 $ 337,200 $ 45,846 73,776 163,500 54,078 $ 337,200
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 Current Year $ 27,970 80,264 100,917 9,097 251,134 $ 469,382 1 Year Ago $ 31,400 58,349 77,104 8,412 229,375 $ 404,640 $ 116,876 90,891 163,500 98,115 $ 469,382 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: 2 Years Ago $ 33,717 45,401 48,361 $ 70,436 92,137 163,500 78,567 $ 404,640 3,635 206,086 $ 337,200 $ 45,846 73,776 163,500 54,078 $ 337,200
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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