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Exercise 13-11 Profitability analysis LO P3
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,700
$
36,200
Accounts receivable, net
88,500
64,200
58,600
Merchandise inventory
107,339
84,200
50,300
Prepaid expenses
11,047
9,166
3,628
Plant assets, net
331,714
257,734
191,272
Total assets
$
570,000
$
450,000
$
340,000
Liabilities and Equity
Accounts payable
$
143,349
$
76,050
$
44,880
Long-term notes payable secured by
mortgages on plant assets
106,088
105,570
73,637
Common...
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Simon Company's year-end balance sheets follow. 2017 2016 2015 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,300 $ 34,400 89,400 64,000 77,174 85,000 10,950 10,185 356,176 291,415 $565,000 $485,000 $ 36,600 55,000 51,200 3,308 163,892 $ 310,000 $142,092 $ 81,965 $ 40,511 106,220 189,319...
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Simon Company's year-end balance sheets follow At December 31 Assets 2017 2016 2015 as Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,200 34,200 $ 36,700 52,800 54,200 4,305 291,369 278,627 231,995 $525,000 $470,000 $ 380,000 64,300 103,556 83,200 9,673 88,700 10,175 Liabilities and Equity Accounts payable $133,340 81,019 $ 48,655 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 83,980 162,500 162,500162,500 84,865...
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Simon Company’s year-end balance sheets follow. At December 31
2017 2016 2015 Assets Cash $ 31,300 $ 34,600 $ 36,000 Accounts
receivable, net 89,000 63,100 52,700 Merchandise inventory 78,734
82,900 52,200 Prepaid expenses 10,070 8,849 4,138 Plant assets, net
320,896 240,551 234,962 Total assets $ 530,000 $ 430,000 $ 380,000
Liabilities and Equity Accounts payable $ 130,650 $ 73,397 $ 50,160
Long-term notes payable secured by mortgages on plant assets 98,644
98,900 81,461 Common stock, $10 par value 162,500 162,500...
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Simon Company’s year-end balance sheets follow.
At December 31 2017 2016 2015
Assets Cash $ 32,000 $ 34,900 $ 37,200
Accounts receivable, net 89,600 62,600 58,400
Merchandise inventory 66,406 83,500 50,900
Prepaid expenses 11,305 10,389 4,376
Plant assets, net 395,689 293,611 239,124
Total assets $ 595,000 $ 485,000 $ 390,000
Liabilities and Equity Accounts payable $ 149,637 $ 81,965 $
51,480
Long-term notes payable secured by mortgages on plant assets
112,979 112,666 84,466
Common stock, $10 par value 162,500 162,500...
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Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31, 396 $ 35,274 $ 36, 744 86,579 61,730 49,982 108,856 83,219 51,639 9,816 9,634 4,248 279,995 255,524 232,287 $ 516,642 $...
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Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
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Required Information Exercise 13-10 Efficiency and profitability analysis LO P3 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 2017 Cash $ 31,600 87,00 112. See 10,55€ 281.000 $523,550 $ 35,250 $32.ee 63, 0 49, see 80.600 52.000 9,200 4.100 22.00 228, Bee $445, eso $ 1.200 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tere notes payable secured by mortgages on plant assets Comon...
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Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
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Help Seve & Exit Submit Simon Company's year-end balance sheets follow 10 31,600 $ 34,600 $ 36,000 55,700 68,818 84,700 50,700 3,852 64,480 Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 10,613 369,769 9,438 251, $570,000 $445,e00 340,000 $140,511 $ 73,701 44,880 ages on plant assets Common stock, $1e par value 109,303 104,397 74,389 162,500 162,50e 162,500 157, 686 184,482 58,231 Total liabilities and equity $570, 000 $445,000 340,00e The company's income statements for the years...
Simon Company's year-end balance sheets follow. 2017 2016 2015 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,300 $ 34,400 89,400 64,000 77,174 85,000 10,950 10,185 356,176 291,415 $565,000 $485,000 $ 36,600 55,000 51,200 3,308 163,892 $ 310,000 $142,092 $ 81,965 $ 40,511 106,220 189,319...
Simon Company's year-end balance sheets follow At December 31 Assets 2017 2016 2015 as Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,200 34,200 $ 36,700 52,800 54,200 4,305 291,369 278,627 231,995 $525,000 $470,000 $ 380,000 64,300 103,556 83,200 9,673 88,700 10,175 Liabilities and Equity Accounts payable $133,340 81,019 $ 48,655 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 83,980 162,500 162,500162,500 84,865...
Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31, 396 $ 35,274 $ 36, 744 86,579 61,730 49,982 108,856 83,219 51,639 9,816 9,634 4,248 279,995 255,524 232,287 $ 516,642 $...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Required Information Exercise 13-10 Efficiency and profitability analysis LO P3 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 2017 Cash $ 31,600 87,00 112. See 10,55€ 281.000 $523,550 $ 35,250 $32.ee 63, 0 49, see 80.600 52.000 9,200 4.100 22.00 228, Bee $445, eso $ 1.200 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tere notes payable secured by mortgages on plant assets Comon...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Help Seve & Exit Submit Simon Company's year-end balance sheets follow 10 31,600 $ 34,600 $ 36,000 55,700 68,818 84,700 50,700 3,852 64,480 Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 10,613 369,769 9,438 251, $570,000 $445,e00 340,000 $140,511 $ 73,701 44,880 ages on plant assets Common stock, $1e par value 109,303 104,397 74,389 162,500 162,50e 162,500 157, 686 184,482 58,231 Total liabilities and equity $570, 000 $445,000 340,00e The company's income statements for the years...