What would you expect the change in Receivables on the Balance Sheet to be from last...

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What would you expect the change in Receivables on the Balance Sheet to be from last year to this year (i.e.. This year balance minus Last Year balance)? For a year-to-year increase enter a positive number. For a decrease enter a negative number. (2 points) What would you expect the change in Accounts Payable on the Balance Sheet to be from last year to this year (i.e.. This year balance minus Last Year balance)? For a year-to-year increase enter a positive number. For a decrease enter a negative number. (2 pts) Consolidated Statements of Income - USD (S) shares in Thousands, Sin Thousands Consolidated Statements of Income Net sales Cost of sales Gross profit Selling, general and administrative expenses Pre-opening expenses Operating income Interest income, net Income before income taxes Income tax expense Net income Basic net income per share M403 2023 W PS1 - Problems 12 Months Ended This year $ 7,398 4,717 2,681 1,761 19 901 (5) 906 195 $ 711 $ 12.21 Last year 2 years ago $ 6,717 4,307 2,409 1,535 20 854 (5) 859 201 $ 659 $ 11.00 $ 5,885 3,788 2,097 1,287 24 785 (2) 787 232 $ 555 $ 9.02 Consolidated Statements of Cash Flows - USD ($) $ in Thousands Operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Stock-based compensation expense Change in operating assets and liabilities Receivables Merchandise inventories Prepaid expenses and other current assets Accounts payable Accrued liabilities Deferred revenue Net cash provided by operating activities Investing activities Capital expenditures Net cash used in investing activities Financing activities Dividends Net cash used in financing activities Net increase (decrease) in cash and cash equivalents This year 12 Months Ended Last year $ 711 296 25 (43) 20 34 10 (75) 79 1,057 (299) (299) (775) (775) (17) 100 $ 659 279 27 (37) (122) (39) 78 29 51 925 (319) (319) (474) (474) 132 AS 2 years ago $ 555 253 24 (11) (152) (10) 66 (31) 68 762 (441) (441) (429) (429) (108) nor Investing activities Capital expenditures Net cash used in investing activities Financing activities Dividends Net cash used in financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Supplemental information Income taxes paid, net of refunds Non-cash capital expenditures (299) (299) (775) (775) (17) 409 392 134 $ 27 (319) (319) (474) (474) 132 277 409 196 $ 29 (441) (441) (429) (429) (108) 385 277 255 $ 43 1 What would you expect the change in Receivables on the Balance Sheet to be from last year to this year (i.e.. This year balance minus Last Year balance)? For a year-to-year increase enter a positive number. For a decrease enter a negative number. (2 points) What would you expect the change in Accounts Payable on the Balance Sheet to be from last year to this year (i.e.. This year balance minus Last Year balance)? For a year-to-year increase enter a positive number. For a decrease enter a negative number. (2 pts) Consolidated Statements of Income - USD (S) shares in Thousands, Sin Thousands Consolidated Statements of Income Net sales Cost of sales Gross profit Selling, general and administrative expenses Pre-opening expenses Operating income Interest income, net Income before income taxes Income tax expense Net income Basic net income per share M403 2023 W PS1 - Problems 12 Months Ended This year $ 7,398 4,717 2,681 1,761 19 901 (5) 906 195 $ 711 $ 12.21 Last year 2 years ago $ 6,717 4,307 2,409 1,535 20 854 (5) 859 201 $ 659 $ 11.00 $ 5,885 3,788 2,097 1,287 24 785 (2) 787 232 $ 555 $ 9.02 Consolidated Statements of Cash Flows - USD ($) $ in Thousands Operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Stock-based compensation expense Change in operating assets and liabilities Receivables Merchandise inventories Prepaid expenses and other current assets Accounts payable Accrued liabilities Deferred revenue Net cash provided by operating activities Investing activities Capital expenditures Net cash used in investing activities Financing activities Dividends Net cash used in financing activities Net increase (decrease) in cash and cash equivalents This year 12 Months Ended Last year $ 711 296 25 (43) 20 34 10 (75) 79 1,057 (299) (299) (775) (775) (17) 100 $ 659 279 27 (37) (122) (39) 78 29 51 925 (319) (319) (474) (474) 132 AS 2 years ago $ 555 253 24 (11) (152) (10) 66 (31) 68 762 (441) (441) (429) (429) (108) nor Investing activities Capital expenditures Net cash used in investing activities Financing activities Dividends Net cash used in financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Supplemental information Income taxes paid, net of refunds Non-cash capital expenditures (299) (299) (775) (775) (17) 409 392 134 $ 27 (319) (319) (474) (474) 132 277 409 196 $ 29 (441) (441) (429) (429) (108) 385 277 255 $ 43 1

Answer rating: 100% (QA)

Based on the information provided in the consolidated statement of income the following can be observed 1 Net sales have increased steadily over the past three years They grew from 5885 thousand in th... View the full answer