会计学原理练习题17.ppt

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2021-01-24 发布于天津
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会计学原理练习题17.ppt

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Exercise 17-9 page 720 Algorithm 2014 2013 2012 2014 2013 Assets Sales $600,600 $500,500 Cash $40,320 $37,380 $34,650 Cost of goods sold 290,400 268,450 Accounts receivable, net 73,584 58,380 46,200 Other operating expenses 193,600 144,550 Merchandise inventory 102,816 71,400 49,700 Interest expense 55,200 37,500 Prepaid expenses 20,160 8,820 3,850 Income taxes 18,400 15,000 Plant assets, net 267,120 244,020 215,600 Total costs and expenses 557,600 465,500 Total assets $504,000 $420,000 $350,000 Net income $43,000 $35,000 Liabilities and Equity Earnings per share $2.95 $2.40 Accounts payable $86,688 $60,060 $41,600 Long-term notes payable secured 118,944 94,500 74,880 by mortgages on plant assets Common stock, $10 par value 146,000 146,000 146,000 Retained earnings 152,368 119,440 87,520 Total liabilities and equity $504,000 $420,000 $350,000 SIMON COMPANY Comparative Balance Sheets December 31, 2012 - 2014 Income Statements SIMON COMPANY (4) Compute days sales in inventory (Use 365 days per year). = Days Sales in Inventory 2014 = 129.2 days 2013 = 97.1 days $71,400 / $268,450 x 365 = Days Sales in Inventory Ending Inventory / Cost of goods sold x 365 $102,816 / $290,400 x 365 = 17 - 31 Exercise 17-10 page 720 17 - 32 Exercise 17-10 page 720 2014 2013 2012 2014 2013 Assets Sales $600,600 $500,500 Cash $40,320 $37,380 $34,650 Cost of goods sold 290,400 268,450 Accounts receivable, net 73,584 58,380 46,200 Other operating expenses 193,600 144,550 Merchandise inventory 102,816 71,400 49,700 Interest expense 55,200 37,500 Prepaid expenses 20,160 8,820 3,850 Income taxes 18,400 15,000 Plant assets, net 267,120 244,020 215,600 Total costs and expenses 557,600 465,500 Total assets $504,000 $420,000 $350,000 Net income $43,000 $35,000 Liabilities and Equity Earnings per share $2.95 $2.40 Account