Beyond the Numbers Chapter 8

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.