The following information is from Samsung (Samsung.com or its financial statements in Appendix A), which is a

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The following information is from Samsung (Samsung.com or its financial statements in Appendix A), which is a leading manufacturer of consumer electronic products.

The following information is from Samsung (Samsung.com or its financial

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.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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