Accounting – The following information is from Samsung

Subject: Business    / Accounting
Question
Question: The following information is from Samsung (www.Sam…

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

? in millions

Current year

Prior year

Cash

? 16,284,780

? 18,791,460

Accounts Receivable

28,875,934

26,674,596

Current Assets

110,760,271

87,269,017

Total Assets

214,075,018

181,071,570

Current Liabilities

51,315,409

46,933,052

Shareholders’ equity

15,016,010

121,480,206

Net Sales

228,692,667

201,103,613

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.Required:

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.