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Current Yr 1 Yr Ago 2 Yrs Ago Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid
Current Yr 1 Yr Ago 2 Yrs Ago Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, not Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant annet Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,694 90,158 115,670 10,426 289,054 $ 538,002 $ 37,846 $ 39, 423 64,282 52,048 84,944 55,437 9,545 4,251 267, 178 239,241 463,795 $ 390,400 $ 129,944 $ 77,598 $ 50,502 102,156 162,500 143,402 $ 538,002 108,806 87,141 162,500 162,500 114,091 90,257 $ 463,795 $ 390,400 (1-a) Compute the current ratio for each of the three years
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