Express the balance sheets in commonsize percents Simon Company's yearend balance sheets follow.
For both the current year and one year ago, compute the following ratios:
Exercise Algo Commonsize percents LO P
Express the balance sheets in commonsize percents
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?
Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorableor unfavorable?
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?
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?
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Reg
Req and
Express the balance sheets in commonsize percents.
Note: Do not round intermediate calculations and round your final percentage answers to decimal place.
