Refer to Simon Company's balance sheets in Exercise 17-7. Analyze its year-end short-term liquidity position at the
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Refer to Simon Company's balance sheets in Exercise 17-7. Analyze its year-end short-term liquidity position at the end of 2014, 2013, and 2012 by computing (1) the current ratio and (2) the acid-test ratio. Comment on the ratio results. (Round ratio amounts to two decimals.)
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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