4 ! Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 27 points 02:55:42 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 1 Year Ago 2 Years Ago $ 34,490 60,357 79,758 $ 28,916 85,517 109,672 9,217 266,780 93,079 9,235 247,282 $ 73,588 100,150 162,500 94,884 $ 35,930 48,391 53,098 4,154 225,027 $ 366,600 $ 49,843 79,398 162,500 74,859 $ 366,600 $ 500,102 $ 431,122 $ 125,771 162,500 118,752 $ 500,102 $ 431,122 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. Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years. Current Ratio Numerator: Denominator: = Current Ratio Current ratio Current Year: 1 Year Ago: to 1 to 1 2 Years Ago: to 1 < Required 1A Required 1B > 4 Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 27 points At December 31 Current Year 1 Year Ago 2 Years Ago 02:55:30 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 $ 28,916 85,517 109,672 9,217 266,780 93,079 162,500 118,752 $ 34,490 60,357 79,758 9,235 247,282 $ 431,122 $ 73,588 100,150 162,500 94,884 $ 35,930 48,391 53,098 4,154 225,027 $ 366,600 $ 49,843 79,398 162,500 74,859 $ 366,600 $ 500,102 $ 125,771 $ 500,102 $ 431,122 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. Required 1A Required 1B Required 2A Required 2B Did the current ratio improve or worsen over the three-year period? Current ratio < Required 1A Required 2A > 4 27 points 02:55:20 ! 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 Current Year 1 Year Ago 2 Years Ago $ 28,916 85,517 109,672 9,217 266,780 $ 34,490 60,357 $ 500,102 $ 431,122 93,079 79,758 9,235 247,282 $ 73,588 100,150 162,500 94,884 162,500 118,752 $ 500,102 $ 431,122 $ 35,930 48,391 53,098 4,154 225,027 $ 366,600 $ 49,843 79,398 162,500 74,859 $ 366,600 $ 125,771 Common stock, $10 par value Retained earnings Total liabilities and equity 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. Required 1A Required 1B Required 2A Required 2B 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 Denominator: < Required 1B Required 2B > Acid-Test Ratio Acid-test ratio to 1 = to 1 to 1 4 Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 27 points 02:55:06 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 1 Year Ago 2 Years Ago $ 34,490 60,357 $ 28,916 85,517 109,672 9,217 266,780 $ 500,102 $ 125,771 93,079 79,758 9,235 247,282 $ 431,122 $ 73,588 100,150 162,500 94,884 162,500 118,752 $ 500,102 $ 431,122 For both the current year and one year ago, compute the following ratios: $ 35,930 48,391 53,098 4,154 225,027 $ 366,600 $ 49,843 79,398 162,500 74,859 $ 366,600 (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. Required 1A Required 1B Required 2A Required 2B Did the acid-test ratio improve or worsen over the three-year period? Acid-test ratio < Required 2A Required 2B >