Accounting – The following information is from Samsung
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
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? 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.