able[[,Assets],[Cash,37,800,35,625,31,800],[Accoubts Receiveable,50,200,62,500,89,500],[Merchandise Inventory,54,000,82,500,112,500],[Prepaid Expenses,5,000,9,375,10,700],[Property, Plant and Equipment,230,500,255,000,278,500],[Total Assets,377,500,445,000,523,000],[Liabilities and Equity],[Accounts Payable,51,250,75,250,129,900],[Long Term Notes Payable,83,500,101,500,98,500],[Share Capital,163,500,163,500,163,500],[Retained Earnings,79,250,104,750,131,100],[Total Liabilities and Equity,377,500,445,000,523,000],[TASK 2 - ,300 words],[, able[[2. The company's income statements for the years ended December 31, 2014 and],[2013 follow. Assume that all sales are on credit and then compute;]]],[,,2013,2014],[,Sales,345,500^(532,00),673,500],[,ost of Goods Sold,345,500,411,225],[,Dther Operating Expenses,134,980,209,550],[,nterest Expense,13,300,,],[,ncome Taxes,8,845,{
able[[9,525,],[,642,400]]}],[,otal Costs and Expenses,502,625],[,let Profit,29,375,,],[,arnings Per Share,1.80,,1.90],[ able[[a)],[b)],[c)],[d)],[e)],[f)],[g)],[h)]], able[[Accounts Receivable Turnover],[Days Sales Uncollected],[Inventory Turnover],[Days Sales in Inventory],[Accounts Payable Turnover],[Days Purchases in Accounts Payable],[Conversion Cycle],[Comment on the changes in ratios fror]],om 2013 to 2014,,]]
2012
2013
2014
Assets Cash Accoubts Receiveable Merchandise Inventory Prepaid Expenses Property,Plant and Equipment
37,800 50,200 54,000 5,000 230,500
35,625 62,500 82,500 9,375 255,000
31,800 89,500 112,500 10,700 278,500
Total Assets
377,500
445,000
523,000
Liabilities and Equity Accounts Payable Long Term Notes Payable Share Capital Retained Earnings
51,250 83,500 163,500 79,250
75,250 101,500 163,500 104,750
129,900 98,500 163,500 131,100
Total Liabilities and Equity
377,500
445,000
523,000
TASK 2 -
30o words
2. The company's income statements for the years ended December 31,2014 and 2013 follow.Assume that all sales are on credit and then compute;
2013 532,00 345,500 134,980 13,300 8,845 502,625 29,375 1.80
2014 673,500 411,225 209,550 12,100 9,525 642,400 31,100 1.90
Sales Cost of Goods Sold Other Operating Expenses Interest Expense Income Taxes Total Costs and Expenses Net Profit Earnings Per Share
a) Accounts Receivable Turnover b) Days Sales Uncollected c Inventory Turnover d Days Sales in Inventory eAccounts Payable Turnover fDays Purchases in Accounts Payable g Conversion Cycle h) Comment on the changes in ratios from 2013 to 2014
