Samsung (Samsung.com) is a leading manufacturer of consumer electronic products. The following selected information is available from
Question:
Samsung (Samsung.com) is a leading manufacturer of consumer electronic products. The following selected information is available from Samsung’s financial statements.
Required
1. Compute Samsung’s current ratio for both the current year and the prior year.
2. Comment on any change from the prior year to the current year for the current ratio.
(millions of Korean won) Current assets .. Current liabilities. Current Year Prior Year \110,760271 ₩87,269,017 51,315,409 46,933,052
Step by Step Answer:
1 Current ratio in millions KRW Current year 110760271 513...View the full answer
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Related Video
The current ratio is a financial ratio that measures a company\'s ability to pay its short-term obligations with its short-term assets. It is calculated by dividing a company\'s current assets by its current liabilities. The formula for calculating the current ratio is: Current Ratio = Current Assets / Current Liabilities Current assets are assets that can be converted to cash within one year, while current liabilities are debts that are due within one year. A current ratio of 1:1 or greater is generally considered good, as it indicates that a company has enough current assets to cover its current liabilities. A current ratio of less than 1:1 may suggest that a company may have difficulty meeting its short-term obligations. It\'s important to note that the current ratio is just one of many financial ratios that can be used to assess a company\'s financial health. It should be used in conjunction with other financial ratios and qualitative factors to make informed decisions about investing or lending to a company.
Students also viewed these Accounting questions
-
Samsung (www.Samsung.com), which is a leading manufacturer of consumer electronic products, along with Apple and Google, are competitors in the global marketplace. Key figures for Samsung follow (in...
-
The following selected information is available from Samsungs financial statements. Required 1. Compute Samsungs current ratio for both the current year and the prior year. 2. In the current year,...
-
The following selected information is available for Volvo Group, headquartered in Sweden, for three fiscal years (in SEK [Swedish krona] millions): Instructions (a) Calculate the current ratio, gross...
-
WiCom Servicing completed these transactions during November 2020, its first month of operations: Required 1. Prepare journal entries to record the transactions. Use general journal page 1. 2. Set up...
-
Early in 2011, the world price of copper reached a record high of over $10 000 per tonne. Two events appeared to lie behind this high price. First, China's rapid economic growth and the massive...
-
Consider the experiment in Exercise 8.4. Plot the residuals against the levels of factors A, B, C, and D. Also construct a normal probability plot of the residuals. Comment on these plots. In...
-
A statistics class with 40 students consists of 30 students with no income, 10 students with small incomes from part-time jobs, and a professor with a very large income that is well deserved. Which...
-
Toyland Corporation, an S corporation, uses the calendar year as its tax year. Bob, Alice, and Carter own 60, 30, and 10 shares, respectively, of the Toyland stock. Carters basis for his stock is...
-
17. The first stage of global development, according to Friedman, was characterized by: a. the growth of European mercantile stock companies. b. how much industrial strength countries could develop...
-
At the end of the current year, Accounts Receivable has a debit balance of $825,000, and net sales for the year total $9,000,000. 1. Determine the amount of the adjusting entry to provide for...
-
Review this chapters opening feature involving Adrien Edwards and his The Naked Hippie business. 1. Explain how a classified balance sheet can help Adrien know what bills are due when and whether he...
-
Why would a companys manager be concerned about the quantity of its purchase returns if its suppliers allow unlimited returns? Discuss.
-
Refer to Research In Motions annual report in Appendix A. Is there any indication that RIM has issued bonds?
-
Java U. Phase 1 Overview In this project, you will bring together everything you have learned in this class, including both programming techniques and non-technical skills. Java University has been...
-
Suppose a ten-year, $3,000 bond with an 8.6% coupon rate and semiannual coupons is trading for $1,034.91. a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b....
-
A person (mass 40.0kg) is coasting on their skateboard (mass 4.50kg) at 8.00m/s. They suddenly jump directly backward off the skateboard, kicking the skateboard forward at 10.0m/s. As soon as their...
-
Based on the cash flows given below, calculate the PI of a project that has a required rate of return of 15 percent. Also, indicate whether the project should be accepted. (Round answer to 2 decimal...
-
Use the Seaport data set below to calculate a 3-month Weighted Moving Average (WMA) to predict the number of ships that will visit the port in January 2021. Use the weights of 0.5, 0.4, and 0.1 for...
-
What is the mitochondrial electron-transfer chain, and what role do quinones play in the chain?
-
Big Jim Company sponsored a picnic for employees and purchased a propane grill equipped with a standard-sized propane tank for the picnic. To make sure there was enough propane for all the cooking...
-
Dexter Company applies the direct write- off method in accounting for uncollectible accounts. Prepare journal entries to record the following selected transactions of Dexter. March 11 Dexter...
-
Refer to the information in Exercise 9- 6 to complete the following requirements. a. On February 1 of the next period, the company determined that $ 6,800 in customer accounts is uncollectible;...
-
Prepare journal entries to record the following selected transactions of Ridge Company. Mar. 21 Accepted a $ 9,500, 180- day, 8% note dated March 21 from Tamara Jackson in granting a time extension...
-
Find the LCM for each group of expressions. 1.2x-8x+8 and 3x+27x-30 2. 4x+12x+ 9 and 4x2-9 3. 2x2 18 and 2 5x330x+45x
-
StellarCraft, a space equipment manufacturer, produces three types of space components: "Plasma Thrusters," "Navigation Systems," and "Solar Panels." StellarCraft needs to determine the optimal...
-
If 103 people attend a concert and tickets for adults cost $2.25 while tickets for children cost $1.5 and total receipts for the concert was $179.25, how many of each went to the concert? adults...
Study smarter with the SolutionInn App