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.

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.

Transcribed Image Text:

W in millions Current Year Prior Year Cash Accounts receivable- ····.. Current assets Total assets.. Current liabilities. Shareholders' equity . Net sales. w 16,284,780 27,875,934 \ 18,791,460 26,674,596 87,269,017 181,071,570 46,933,052 121,480,206 201,103,613 110,760,27 214,075,018 51,315,409 150,016,010 228,692,667