1.
Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.
2.
Explain the reasons behind the amount of cash and the changes in the cash during the year from Footnote 1.
3.
Ascertain the amount of
4.
State the facts regarding accounts receivable that is being revealed by the Footnote 1 of Incorporation DS in its annual report.
5.
Compute
6.
Compute accounts receivable turnover rate and receivable collection period for 2016. Explain what the ratios indicate about the management of liquidity.
7.
Evaluate the performance of Incorporation DS through requirement 1 to 6. Explain the management of cash and receivables of Incorporation DS.

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Chapter 7 Solutions
EP FINANCIAL ACCOUNTING-MYACCOUNTINGLAB
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