Use the Current Asset Section of the Balance Sheets of the El

question 27

Essay

Use the current asset section of the balance sheets of the El Paso Company as of January 31, 2012 and 2011 presented below to answer the questions that follow.

Required:
(a) In the spaces provided below, complete a Percentage Change analysis of the current asset section of El Paso Company's balance sheet for 2012, using the following format to provide your answers for the amount of dollar change and the amount of percentage change, rounding "% Change" to one decimal place, e.g., 8.3%.
Accounts $ Change % Change
(b) Provide a short evaluation of this analysis.

Understand the distinction between and applications of algorithms and heuristics in solving complex problems.

Understand the difference between the short run and the long run in economics and the implications for production and firm operation.

Identify and calculate marginal, average, and total products from given data.

Differentiate between economic profits, accounting profits, and normal profits, and calculate them using explicit and implicit costs.

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Definitions:

Nonselling Time

Periods in a salesperson's schedule not directly involved in selling activities, such as administrative tasks and travel.

Revenue Generated

The total amount of money produced from the sale of goods or services before any costs or expenses are subtracted.

Segment Accounts

The process of dividing a company's customer accounts into groups or segments based on shared characteristics to tailor marketing or sales efforts.

Value Analysis

An investigation that determines the best product for the money.