- Required Information The Following Information Applies To The Questions Displayed Below Simon Company S Year End Bala 1 (86.24 KiB) Viewed 4 times
- Required Information The Following Information Applies To The Questions Displayed Below Simon Company S Year End Bala 2 (27.01 KiB) Viewed 4 times
- Required Information The Following Information Applies To The Questions Displayed Below Simon Company S Year End Bala 3 (28.75 KiB) Viewed 4 times
- Required Information The Following Information Applies To The Questions Displayed Below Simon Company S Year End Bala 4 (25.13 KiB) Viewed 4 times
Required Information [The following information applies to the questions displayed below.] Simon
Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year $ 25,835 77,171 Current Year: ear Ago: 2 Years Ago: 97,989 8,659 237,170 $ 446,824 Numerator: $ 113,484 84,843 163,500 84,997 $ 446,824 Required 1A Required 18. Required 2A Required 28 Compute the current ratio for each of the three years. Current Ratio For both the current year and one year ago, compute the following ratios: (1-0) Compute the current ratio for each of the three years. (1-b) Did the current ratio Improve or worsen over the three-year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio Improve or worsen over the three-year period? 1 Year Ago Complete this
question by entering your answers in the tabs below. $ 31,124 52,848 72,686 8,089 220,446 $385,193 Denominator: 2 Years Ago $ 65,098 $ 40,710 69,549 85,937 162,500 162,500 71,658 41,941 $ 385,193 $ 314,700 $ 30,221 41,956 46,028 3,427 193,068 $ 314,700 Current Ratio Current ratio to 1 to 1 to 1
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question by entering your answers in the tabs below. Required 1A Required 18. Required 2A Required 28 Did the current ratio improve or worsen over the three-year period? Current ratio < Required 1A Required 2A >
Required 1A Required 18 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Current Year: 1 Year Ago: 2 Years Ago: Numerator: Short-term investments Acid-test ratio < Required 18 Denominator: Required 28 > - Acid-Test Ratio Acid-test ratio to 1 2 S to 1 to 1
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question by entering your answers in the tabs below. Required 28. Required 1A Required 18 Required 2A Did the acid-test ratio improve or worsen over the three-year period? Acid-test ratio < Required 2A Heemi4 215