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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 18
The following information is from Samsung ( www.Samsung.com or its financial statements in Appendix A), which is a leading manufacturer of consumer electronic products.
Required
1. For each year, compute the percentage (rounded to one decimal) that cash represents of current assets, total assets, current liabilities, and shareholders' equity. Comment on any trends in these percentages.
2. Determine the percentage change (rounded to one decimal) between the current and prior year cash balances.
3. Compute the days' sales uncollected (rounded to one decimal) at the end of both the current year and the prior year. Has the collection of receivables improved Explain.
Required
1. For each year, compute the percentage (rounded to one decimal) that cash represents of current assets, total assets, current liabilities, and shareholders' equity. Comment on any trends in these percentages.
2. Determine the percentage change (rounded to one decimal) between the current and prior year cash balances.
3. Compute the days' sales uncollected (rounded to one decimal) at the end of both the current year and the prior year. Has the collection of receivables improved Explain.
Explanation
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Inventory
Inventory refers to the work ...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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