ACTG-04A-92566 (Fall 2022) X Question 2 - Chapter 17 Account X Q course hero - Search X Course Hero X X Cn https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https.. . . . Chapter 17 Accounting Problems i Saved Help Save & Exit Submit Check my work 2 O Required information (1-a) Compute the current ratio for each of the three years. Part 1 of 5 (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? 3.12 points Complete this question by entering your answers in the tabs below. eBook Required 1A Required 1B Required 2A Required 2B Hint Ask Compute the current ratio for each of the three years. Print Current Ratio References Numerator: 1 Denominator: = Current Ratio = Current ratio Current Year: = to 1 1 Year Ago: to 1 2 VAARA ANDI Mc Graw Hill 41.F Search 9:53 AM Sunny 11/20/2022ACTG-04A-92566 (Fall 2022) X Question 2 - Chapter 17 Account X Q course hero - Search X Course Hero X X Cn https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https.. . . . Chapter 17 Accounting Problems i Saved Help Save & Exit Submit Check my work 2 I FWI VIU LIE LUITCHILIQUIV IIIIWIVE VI WVIseII UVEI LIE INIce-veal wellVu: Required information Part 1 of 5 Complete this question by entering your answers in the tabs below. 3.12 Required 1A Required 1B Required 2A Required 2B points Compute the current ratio for each of the three years. eBook Current Ratio Hint Numerator: 1 Denominator: = Current Ratio = Current ratio Ask Current Year: to 1 Print 1 Year Ago: = to References 2 Years Ago: to 1 Mc Graw Hill 41.F Search 9:53 AM Sunny 11/20/2022ACTG-04A-92566 (Fall 2022) X Question 2 - Chapter 17 Account X Q course hero - Search X Course Hero X X Cn https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https.. . . . Chapter 17 Accounting Problems i Saved Help Save & Exit Submit Check my work 2 I FWI VIU LIC LUITCHILIQUIV IIIIWIUVE VI WVISHI UVEI LIE LIEe-veal wellVu: Required information Part 1 of 5 Complete this question by entering your answers in the tabs below. 3.12 Required 1A Required 1B Required 2A Required 2B points Did the current ratio improve or worsen over the three-year period? eBook Current ratio Hint Ask Print References Mc Graw Hill 41.F Search 9:53 AM Sunny 11/20/2022ACTG-04A-92566 (Fall 2022) X Question 2 - Chapter 17 Account X Q course hero - Search X Course Hero X X Cn https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https.. . . . Chapter 17 Accounting Problems i Saved Help Save & Exit Submit Check my work 2 I FWI VIU LIE LUITCHILIQUIV IIIIWIUVE VI WVIseII UVEI LIE LIEe-veal wellVu: Required information Part 1 of 5 Complete this question by entering your answers in the tabs below. 3.12 Required 1A Required 1B Required 2A Required 2B points Compute the acid-test ratio for each of the three years. eBook Acid-test ratio Hint Numerator: 1 Denominator: = Acid-Test Ratio Short-term investments + = Acid-test ratio Ask Current Year: + to 1 Print 1 Year Ago: + to 1 References 2 Years Ago: to 1 Mc Graw Hill 41.F Search 9:53 AM Sunny 11/20/2022ACTG-04A-92566 (Fall 2022) X Question 2 - Chapter 17 Account X Q course hero - Search X Course Hero X X Cn https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https.. . . . Chapter 17 Accounting Problems i Saved Help Save & Exit Submit Check my work 2 I FWI VIU LIE LUITCHILIQUIV IIIIWIUVE VI WVIseII UVEI LIE LIEe-veal wellVu: Required information Part 1 of 5 Complete this question by entering your answers in the tabs below. 3.12 Required 1A Required 1B Required 2A Required 2B points Did the acid-test ratio improve or worsen over the three-year period? eBook Acid-test ratio Hint Ask Print References Mc Graw Hill 41.F Search 9:53 AM Sunny 11/20/2022ACTG-04A-92566 (Fall 2022) X Question 2 - Chapter 17 Account X Q course hero - Search X Course Hero X X Cn https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https.. . . . Chapter 17 Accounting Problems i Saved Help Save & Exit Submit Check my work 2 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Part 1 of 5 Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago 3.12 Assets points Cash $ 24, 711 $ 28, 884 $ 30, 693 Accounts receivable, net 73, 081 50, 548 38,937 Merchandise inventory 89, 128 69, 522 43, 169 eBook Prepaid expenses 8, 201 7,892 3, 344 Plant assets, net 232, 251 211, 578 184, 857 Hint Total assets $ 427, 372 $ 368, 424 $ 301, 000 Liabilities and Equity Ask Accounts payable $ 106, 416 $ 63, 509 $ 39, 732 Long-term notes payable 79, 542 87 , 280 65, 191 Print Common stock, $10 par value 163, 500 162, 500 162, 500 References Retained earnings 77, 914 55, 135 33, 577 Total liabilities and equity $ 427, 372 $ 368, 424 $ 301,000 For both the current year and one year ago, compute the following ratios: Mc Graw Hill 41.F 9:53 AM Search Sunny L 11/20/2022