requirea iNtormation Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets $ 24,930 71,524 89,927 8,109 232,313 $426,803 Cash 24 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 29,435 $ 30,652 49,965 69,429 7,881 211,224 38,886 42,258 3,307 185,497 $ 367,934 $ 300,600 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 $105,211 $ 62,803 $ 40,473 81,844 162,500 82,932 162,500 59,699 $ 367,934 $ 300,600 68,426 162,500 29,201 77,248 $426,803 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 1 Yr Ago $ 437,841 Current Yr Sales $554,844 Cost of goods sold other operating expenses Interest expense $338,455 172,002 9,432 $284,597 110,774 10,070 < Prev 4 of 8 Next >

requirea iNtormation Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets $ 24,930 71,524 89,927 8,109 232,313 $426,803 Cash 24 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 29,435 $ 30,652 49,965 69,429 7,881 211,224 38,886 42,258 3,307 185,497 $ 367,934 $ 300,600 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 $105,211 $ 62,803 $ 40,473 81,844 162,500 82,932 162,500 59,699 $ 367,934 $ 300,600 68,426 162,500 29,201 77,248 $426,803 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 1 Yr Ago $ 437,841 Current Yr Sales $554,844 Cost of goods sold other operating expenses Interest expense $338,455 172,002 9,432 $284,597 110,774 10,070 < Prev 4 of 8 Next >

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Category Prior Year Current Year Accounts payable 3,147.00 5,976.00 Accounts receivable 6,925.00 8,910.00 Accruals 5,635.00 6,187.00 Additional paid in capital 19,527.00 13,950.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,974.00 18,270.00 Current portion long-term debt 500 500 Depreciation expense 975.00 976.00 Interest expense 1,278.00 1,155.00 Inventories 3,048.00 6,717.00 Long-term debt 16,569.00 22,919.00 Net fixed assets 75,968.00 73,882.00 Notes payable 4,045.00 6,584.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,870.00 34,759.00 Sales 46,360 45,347.00 Taxes 350 920 What is the firm's cash flow from operations? What is the firm's dividend payment in the current year? What is the firm's net income in the current year?
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