# Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...

###### Question:

Simon Company's year-end balance sheets follow.

 At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $25,712$ 29,447 $30,067 Accounts receivable, net 74,520 53,658 40,916 Merchandise inventory 92,749 70,203 44,016 Prepaid expenses 8,280 7,730 3,444 Plant assets, net 238,932 218,439 194,657 Total assets$ 440,193 $379,477$ 313,100 Liabilities and Equity Accounts payable $107,416$ 62,849 $42,569 Long-term notes payable secured by mortgages on plant assets 81,929 88,153 67,119 Common stock,$10 par value 163,500 163,500 163,500 Retained earnings 87,348 64,975 39,912 Total liabilities and equity $440,193$ 379,477 $313,100 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? ## Answers #### Similar Solved Questions 1 answer ##### Show all work and explain fully and clearly I want to create a demonstration to show... Show all work and explain fully and clearly I want to create a demonstration to show both refraction and reflection (caused by total internal reflection). At what angle must the light hit the water-glass boundary to ensure total internal reflection at the glass-air boundary? Draw the path the light... 1 answer ##### 4) W) Figure 4-53 shows a block (mass m) on a smocoth horlzonlal surface, connecled by... 4) W) Figure 4-53 shows a block (mass m) on a smocoth horlzonlal surface, connecled by a thin cord that passes over a puley to a second block (m which hangs verficaly, (a) Craw a free-body diagram for each block, showing the force of gravity on each, the force (lension) exerted by the cord, and any ... 1 answer ##### In a Compton scattering experiment, an x-ray photon scatters through an angle of 12.6° from a... In a Compton scattering experiment, an x-ray photon scatters through an angle of 12.6° from a free electron that is initially at rest. The electron recoils with a speed of 1,400 km/s. (a) Calculate the wavelength of the incident photon. nm (b) Calculate the angle through which the electron scatt... 1 answer ##### Could someone help me with this, thank you!! Exercise 6.19 (Sum of independent Poisson RV's is... Could someone help me with this, thank you!! Exercise 6.19 (Sum of independent Poisson RV's is Poisson). Let (Te)k1 be a Poisson process with (i) Use memoryless property to show that N(t) and N(t+s) - N(t) are independent Poisson RVs ) Note that the total number of arrivals during [0, t+s] can b... 1 answer ##### List all off the ICD CM & PCS (Procedural Codes) 2. Eric was admitted through the... List all off the ICD CM & PCS (Procedural Codes) 2. Eric was admitted through the emergency department following a fall from a ladder while painting the outside of his single-family house. He had contusions of the scalp and face and an open typeI intertrochanteric fracture of the right femu... 1 answer ##### Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a... Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set... 1 answer ##### 2. (10 Pts) Shero pays$2 to play this game: Two cards are drawn at random...
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