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 Current Year 1 Year Ago 2 Years Ago $ 25,693 75, 195 91,790 7,868 226,383 $426,929 $ 106,305 81.065 $ 30,032 51,526 68,088 7,729 210,667 $368,042 $ 60,955 86.343 $ 31,284 40,485 44,871 3,408 189,752 $ 309,800 $ 40,894 66.412
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 Current Year 1 Year Ago 2 Years Ago $ 25,693 75, 195 91,790 7,868 226,383 $426,929 $ 106,305 81.065 $ 30,032 51,526 68,088 7,729 210,667 $368,042 $ 60,955 86.343 $ 31,284 40,485 44,871 3,408 189,752 $ 309,800 $ 40,894 66.412
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6DQ: What do the following data, taken from a comparative balance sheet, indicate about the companys...
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