(Answered) Question the following information is from samsungthe

Accounting

Question: The following information is from Samsung

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.

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