Key figures for Samsung follow. Required 1. Compute cash and cash equivalents as a percent (rounded to

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Key figures for Samsung follow.

Required

1. Compute cash and cash equivalents as a percent (rounded to one decimal) of total current assets, total assets, total current liabilities, and total shareholders’ equity for both years.

2. Compute the percentage change (rounded to one decimal) between the current-year and prior-year cash balances.

3. Compute the days’ sales uncollected (rounded to one decimal) at the end of both the (a) current year and (b) prior year.

4. Does Samsung’s collection of receivables show a favorable or unfavorable change?

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

Question Posted: Oct 25, 2021 04:49 AM

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Key figures for Samsung follow. Required 1. Compute cash and cash equivalents as a percent (rounded to

Question:

$ millions Current Year Prior Year Cash..... $ 23,069 $ 26,033 Accounts receivable.. Current assets... Total assets.. Current liabilities... 33,730 31,703 155,634 149,896 302,511 291,179 54,728 59,274 Shareholders' equity 225,559 197,691 212,580 209,163 ... Net sales ....

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Fundamental Accounting Principles

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