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Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314 Exercise 38
Comparative analysis of current asset structures The 2014 annual reports of Pearson plc and John Wiley Sons, Inc., two publishing and information services companies, included the following selected data as at December 31, 2014 and 2013 for Pearson plc and April 30, 2014 and 2013 for John Wiley Sons, Inc.
Required:
a. Do you notice anything unusual about the data presented for Pearson? Comment specifically about some of the difficulties you would expect to encounter when comparing financial statement data of a U.S.-based company to data of a non-U.S.-based company.
b. Review the current asset data presented for each company. Comment briefly about your first impressions concerning the relative composition of current assets within each company.
c. Is there any evidence that would suggest that either Pearson or John Wiley Sons does a better job at managing its accounts receivables and inventories?
Required:
a. Do you notice anything unusual about the data presented for Pearson? Comment specifically about some of the difficulties you would expect to encounter when comparing financial statement data of a U.S.-based company to data of a non-U.S.-based company.
b. Review the current asset data presented for each company. Comment briefly about your first impressions concerning the relative composition of current assets within each company.
c. Is there any evidence that would suggest that either Pearson or John Wiley Sons does a better job at managing its accounts receivables and inventories?
Explanation
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Comparative analysis relative to Current...
Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
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