The following information is from GOME (www.GOME.com.hk), which is the leading chain retailer of consumer electronic products and household appliances in China.

Required

1. For each year, compute the percentage 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 between the current and prior year cash balances.

3. Compute the days' sales uncollected at the end of both the current year and the prior year. Has the collection of receivables improved? Explain.

Transcribed Image Text:

RMB 000s Cash Accounts receivable .. Current assets Total assets .. Current liabilities. . Shareholders' equity Net sales Current Year Prior Year 6,269,996 97,719 22,337,559 29,837,493 16,180,091 10,392,668 42,478,523 .._. 3,051,069 45,092 18,482,711 27,495.104 15,147,247 8,700,035 45,889,257