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4 Simon Company's year-end balance sheets follow. At December 31 Assets Current Yr 1 Yr Ago 2 Yes No 012 points $ 30,535 84,262 110,181
4 Simon Company's year-end balance sheets follow. At December 31 Assets Current Yr 1 Yr Ago 2 Yes No 012 points $ 30,535 84,262 110,181 9.544 272,975 $ 507,397 $ 34,293 $ 36,086 60,013 49,068 83,349 50,735 9,277 3.930 250,479 221.081 $ 437,411 $ 360,900 Book Accounts receivable, et Merchandise inventory Prepaid expenses Plant assets, net Total Assets Liabilities and Equity accounts payable Long-term notes payable necured by mortgages on plant assets Common stock, 510 par value Retained earnings Total liabilities and equity $ 123,815 $ 74,662 $ 48,592 93,483 162,500 127,599 5 507,397 103,623 82,354 162,500 162,500 96,625 68,454 $ 437,411 $ 360,900 References 11-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? 12-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 18 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-estratie Cash $ Choose Numerator: Short-term investments Current receivables Current Yr: 1 Yr Age: 2 Yrs Ago 5 30.535 34,2931 36,000 Choose Denominator Current abrities $ 13 3 123.855 - 74,662 48,602 Acid-Test Ratio Acid-test ratio to 1 101 lo 1 Reged 18 Hequired 28 >
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