1.1 Which of the following ratios are key components in measuring a company's operating efficiency? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. Profit margin Equity ratio Return on total assets Total asset turnover 3. Which of the following short-term liquidity ratios measure how frequently a company collects its accounts? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. Days' sales uncollected Days' sales in inventory Accounts receivable turnover Acid-test ratio Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: (1-a) 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? Complete this question by entering your answers in the tabs below. Comnute the current ratin for each of the three vears Complete this question by entering your answers in the tabs below. Compute the current ratio for each of the three years. Complete this question by entering your answers in the tabs below. Did the current ratio improve or worsen over the three-year. period? Compute the acid-test ratio for each of the three years. (1). Required information Did the acid-test ratio improve or worsen over the three-year period? Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute days' sales uncollected. Determine if days' sales uncollected improved or worsened in the current year. Compute accounts receivable turnover. Note: Round your answers to the nearest whole number. Required information Determine if accounts receivable turnover ratio improved or worsened in the current year. Required information Compute inventory turnover. Note: Round your answers to the nearest whole number. Required information Determine if inventory turnover ratio improved or worsened in the current year. Compute days' sales in inventory. (1). Required information For each ratio, determine if days' sales in inventory improved or worsened in the current year. Following is an incomplete current-year income statement. Determine Net Sales, Cost of goods sold and Net Income. Additional information follows: - Return on total assets is 16% (average total assets is $68,750 ). - Inventory turnover is 5 (average inventory is $6,000 ). - Accounts receivable turnover is 8 (average accounts receivable is $6,250 )