Compute the percentage that cash represents of current asset

Assignment Help Accounting Basics
Reference no: EM131752397

Question: The following information is from Samsung

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

? in millions

Current year

Prior year

Cash

? 16,284,780

? 18,791,460

Accounts Receivable

28,875,934

26,674,596

Current Assets

110,760,271

87,269,017

Total Assets

214,075,018

181,071,570

Current Liabilities

51,315,409

46,933,052

Shareholders' equity

15,016,010

121,480,206

Net Sales

228,692,667

201,103,613

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.Required:

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.

Reference no: EM131752397

Questions Cloud

Compute the change in income for ehrling : Compute the change in income for Ehrling, Inc., if the order is accepted.
What are the factor endowments of the netherlands : What are the factor endowments of the Netherlands? In which products does the Netherlands has a comparative advantage?
Economics underlying the response in the economy : Explain what happens to economic activity in the short run. What is the economics underlying the response in the economy?
Consume disproportionate amount of manager time : Decision making and conflict resolution can consume a disproportionate amount of a manager's time.
Compute the percentage that cash represents of current asset : Determine the percentage change rounded to one decimal between the current and prior year cash balances
Perfectly competitive firm fixed cost : In the short-run, information about a perfectly competitive firm's fixed cost is needed to determine both the profit-maximizing level of output
Prepare a ppt on the uses and limitations of the us food : Create a presentation with a minimum of 10 slides about the uses and limitations of the U.S. Food & Drug Administration's .
Should you record the asset retirement obligation : The only uncertainty is whether the obligation will be enforced. Should you record the asset retirement obligation
What is the monopoly price : What is the monopoly price? What is the monopoly DWL?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd