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accounting 3 problems with all solutions




Question;Refer to Polaris;financial statements in Appendix A to answer the following (see attached;images);1). For both years;ended December 31, 2011 and 2010, identify the total amount of cash and cash;equivalents. Determine the percent (rounded to one decimal) that this amount;represents of total current assets, total current liabilities, total;shareholders' equity, and total assets for both years. Comment on any trends.;2). For years ended December 31;2011 and 2010, use the information in the statement of cash flows to determine;the percent change (rounded to one decimal) between the beginning and ending;year amounts of cash and cash equivalents.;3). Compute the days' sales uncollected (rounded to two;decimals) as of December 31, 2011 and 2010. Has the collection of receivables;improved? Are accounts receivable an important asset for Polaris? Explain.


Paper#41268 | Written in 18-Jul-2015

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