Find the percent change 16 to 11.25

Find the attachments for complete answer

Find the attachments for complete answer

fractions and decimals

1.     25% = 25/100 and 0.25

2.     32.5% = 325/1000 and 0.325  

3.     4% = 4/100 and 0.04

4.      75%= 75/100 and 0.75

5.     .5% = 65/1000 and 0.065  

6.    125% = 125/100 and 1.25  

7.    125.5% = 1255/1000 and 1.255

8.     0.2% = 2/1000 and 0.002  

9.      0.75%= 75/10000 and 0.0075  

10.    107% = 107/100 and 1.07  

11.    210%= 210/100 and 2.1

12.     22.5%= 225/1000 and 0.225  

Step-by-step explanation:

Simon Company's

Balance Sheets at December 31L

                                          Current Yr   %      1 Yr Ago     %     2 Yrs Ago   %

Assets

Cash                                    $ 33,817      6     $ 40,739    8     $ 42,420    10

Accounts receivable, net    100,012      17        69,175   14         53,814     13 Merchandise inventory      128,260     22        91,410    18       59,663     14

Prepaid expenses                  11,001       2        10,482     2          4,576      1

Plant assets, net                   311,773    53     292,386   57     255,527    61

Total assets                    $ 584,863    100  $ 504,192  100  $ 416,000  100

Liabilities and Equity

Accounts payable           $ 141,262      24    $ 85,208    17     $ 56,010    13

Long-term notes payable 108,855      19        118,283    23       91,936    22 Common stock,

        $10 par value           163,500      28       163,500   32     163,500    39 Retained earnings             171,246      29        137,201   27      104,554    25

Total liabilities & equity$ 584,863    100    $ 504,192  100 $ 416,000   100

2. Assuming annual sales have not changed in the last three years, the change in accounts receivable as a percentage of total assets is favorable.  It is always better to maintain low accounts receivable, thereby reducing credit risk exposures.

3. Assuming annual sales have not changed in the last three years, the change in merchandise inventory as a percentage of total assets is favorable.  Less inventory means that working capital is not being tied down to inventory.

Explanation:

Common-size percentages are used in analyzing the balance sheet.   The calculations set each line item as a percent of the total assets.

Simon Company's

Balance Sheets at December 31L

                                          Current Yr   %      1 Yr Ago     %     2 Yrs Ago   %

Assets

Cash                                    $ 33,817      6     $ 40,739    8     $ 42,420    10

Accounts receivable, net    100,012      17        69,175   14         53,814     13 Merchandise inventory      128,260     22        91,410    18       59,663     14

Prepaid expenses                  11,001       2        10,482     2          4,576      1

Plant assets, net                   311,773    53     292,386   57     255,527    61

Total assets                    $ 584,863    100  $ 504,192  100  $ 416,000  100

Liabilities and Equity

Accounts payable           $ 141,262      24    $ 85,208    17     $ 56,010    13

Long-term notes payable 108,855      19        118,283    23       91,936    22 Common stock,

        $10 par value           163,500      28       163,500   32     163,500    39 Retained earnings             171,246      29        137,201   27      104,554    25

Total liabilities & equity$ 584,863    100    $ 504,192  100 $ 416,000   100

2. Assuming annual sales have not changed in the last three years, the change in accounts receivable as a percentage of total assets is favorable.  It is always better to maintain low accounts receivable, thereby reducing credit risk exposures.

3. Assuming annual sales have not changed in the last three years, the change in merchandise inventory as a percentage of total assets is favorable.  Less inventory means that working capital is not being tied down to inventory.

Explanation:

Common-size percentages are used in analyzing the balance sheet.   The calculations set each line item as a percent of the total assets.

Simon Company

a. Expressing the balance sheets in common-size percents:

Simon Company's Year-end Balance Sheet:

At December 31               Current Yr  %       1 Yr Ago    %      2 Yrs Ago   %

Assets

Cash                                    $31,800    6%   $35,625     8%    $37,800   10%

Accounts receivable, net    89,500   17%      62,500    14%     50,200 13.3%

Merchandise inventory      112,500  22%      82,500    19%     54,000 14.3%

Prepaid expenses                10,700    2%         9,375     2%       5,000   1.3%

Plant assets, net               278,500   53%   255,000   57%  230,500  61.1%

Total assets                   $523,000  100% $445,000 100% $377,500  100%

Liabilities and Equity:

Accounts payable             $129,900 25%   $75,250    17%      $51,250  14%

Long-term notes payable    98,500  19%     101,500   23%      83,500  22%

Common stock, $10

par value                            163,500 31%     163,500   37%     163,500   43%

Retained earnings               131,100 25%     104,750   23%      79,250   21%

Total liabilities & equity $523,000 100% $445,000 100%  $377,500 100%

b. The change in accounts receivable has been unfavorable.  It has increased year on year, showing that the management has not improved on its collection policies and practices.  This conclusion is based on the assumption that annual sales have not changed in the last three years.

c. The change in merchandise inventory has been unfavorable.  It has increased in its percentages over total assets over the last three years.  It shows that the management is increasingly keeping excess inventory.  Again, this conclusion is based on the assumption that annual sales have not changed in the last three years.

Explanation:

a) Data and Calculations:

Simon Company's Year-end Balance Sheet:

At December 31               Current Yr           1 Yr Ago             2 Yrs Ago

Assets

Cash                                   $31,800              $35,625              $37,800

Accounts receivable, net   89,500                 62,500               50,200

Merchandise inventory     112,500                 82,500                54,000

Prepaid expenses               10,700                    9,375                 5,000

Plant assets, net              278,500               255,000             230,500

Total assets                   $523,000            $445,000            $377,500

Liabilities and Equity:

Accounts payable          $129,900              $75,250              $51,250

Long-term notes payable 98,500                101,500               83,500

Common stock, $10

par value                        163,500                163,500              163,500

Retained earnings           131,100                 104,750                79,250

Total liabilities & equity $523,000          $445,000            $377,500

b) The common-size percents are determined by taking a balance sheet account and expressing it as percentage of the total assets.  For example, the  common stock for the current year is $163,500.  When this is expressed as a percentage of total assets, which is equal to total liabilities and equity, we have it as 31% ($163,500/$523,000 * 100) approximately.

Please, see the attached files.

Step-by-step explanation:

Please, see the attached files.

Simon Company

a. Expressing the balance sheets in common-size percents:

Simon Company's Year-end Balance Sheet:

At December 31               Current Yr  %       1 Yr Ago    %      2 Yrs Ago   %

Assets

Cash                                    $31,800    6%   $35,625     8%    $37,800   10%

Accounts receivable, net    89,500   17%      62,500    14%     50,200 13.3%

Merchandise inventory      112,500  22%      82,500    19%     54,000 14.3%

Prepaid expenses                10,700    2%         9,375     2%       5,000   1.3%

Plant assets, net               278,500   53%   255,000   57%  230,500  61.1%

Total assets                   $523,000  100% $445,000 100% $377,500  100%

Liabilities and Equity:

Accounts payable             $129,900 25%   $75,250    17%      $51,250  14%

Long-term notes payable    98,500  19%     101,500   23%      83,500  22%

Common stock, $10

par value                            163,500 31%     163,500   37%     163,500   43%

Retained earnings               131,100 25%     104,750   23%      79,250   21%

Total liabilities & equity $523,000 100% $445,000 100%  $377,500 100%

b. The change in accounts receivable has been unfavorable.  It has increased year on year, showing that the management has not improved on its collection policies and practices.  This conclusion is based on the assumption that annual sales have not changed in the last three years.

c. The change in merchandise inventory has been unfavorable.  It has increased in its percentages over total assets over the last three years.  It shows that the management is increasingly keeping excess inventory.  Again, this conclusion is based on the assumption that annual sales have not changed in the last three years.

Explanation:

a) Data and Calculations:

Simon Company's Year-end Balance Sheet:

At December 31               Current Yr           1 Yr Ago             2 Yrs Ago

Assets

Cash                                   $31,800              $35,625              $37,800

Accounts receivable, net   89,500                 62,500               50,200

Merchandise inventory     112,500                 82,500                54,000

Prepaid expenses               10,700                    9,375                 5,000

Plant assets, net              278,500               255,000             230,500

Total assets                   $523,000            $445,000            $377,500

Liabilities and Equity:

Accounts payable          $129,900              $75,250              $51,250

Long-term notes payable 98,500                101,500               83,500

Common stock, $10

par value                        163,500                163,500              163,500

Retained earnings           131,100                 104,750                79,250

Total liabilities & equity $523,000          $445,000            $377,500

b) The common-size percents are determined by taking a balance sheet account and expressing it as percentage of the total assets.  For example, the  common stock for the current year is $163,500.  When this is expressed as a percentage of total assets, which is equal to total liabilities and equity, we have it as 31% ($163,500/$523,000 * 100) approximately.

Please, see the attached files.

Step-by-step explanation:

Please, see the attached files.