Chapter 8, Problem 1AA

To determine

Cash and cash equivalents:

Cash and cash equivalents are the liquid assets of the company or the current assets which can be easily converted into cash. The items classified into cash and cash equivalents are shown under current assets in the company's balance sheet.

The total amount of cash and cash equivalents for fiscal year ended September 30, 2017 and September 24,2016.

To determine

The total amount of cash and cash equivalents as a percent (rounded to one decimal) of total current assets, total current liabilities, total shareholder's equity, and total assetsfor fiscal year ended September 30, 2017 and September 24,2016.

To determine

The percent change (rounded to one decimal) between the beginning and ending year amount of cash and cash equivalents for fiscal year ended September 30, 2017 and September 24,2016.

To determine

Days' Sales Uncollected:

Days' sales uncollected refers to the number of days required by the company to collect payment from their debtors. It is also known as debtor collection period or average collection period.

The days' sales uncollected (rounded to one decimal) for fiscal year ended September 30, 2017 and September 24, 2016.

To determine

Days' sales uncollected:

Days' sales uncollected determines the number of days required by the company to collect payment from their debtors. It is also known as debtor collection period or average collection period.

Whether the company's collection of receiveables shows a favourable or unfavourable change.