Needles/Powers 2002e Financial and Managerial Accounting

Needles Accounting Resource Center

Financial & Managerial Accounting , 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College


	Toys'R'Us Annual Report Activities Chapter 7 Analysis of Short-Term Liquid Assets Refer to the Toys "R" Us Annual Report to answer the following questions: 1. How much cash and cash equivalents did Toys "R" Us have in 2000? Do you suppose most of that amount is cash in the bank or cash equivalents? 2. Toys "R" Us does not disclose an allowance for uncollectible accounts. How do you explain the lack of disclosure? 3. Compute the quick ratios for 1999 and 2000 and comment on them. 4. Compute receivable turnover and average days' sales uncollected for 1999 and 2000 and comment on Toys "R" Us credit policies. Accounts receivable for 1998 were $204 million. Either print out your answers for submission or email them to your instructor.





	ACE Practice Tests

	Chapter Summaries

	Check Figures

	Company Links

	Accounting Transaction Tutor

	Learning Objectives

	Ready Notes

	Business Readings

	Internet Research Activities

	Toys'R'Us Annual Report Activities

	Fingraph Financial Reporting and Analysis Cases Using CPAnalyst(r)



	SMARTHINKING

	Web Links