EX 13-7

Simon Company's year-end balance sheets follow. Current Yn Mr Ago 2 Yrs Ago 26 27 786 95609 449 231281 S Bee61 5 31.ee 52,687 4933 78,219 44,034 7811 3.22 218864 19e49 At December 31 Assets cash Accounts neceivable net Merchandise invention Prepaid expenses Piant assets.net otal assets Liabilities and Equity Accounts payable Long term noties payable secured by mortgages on plant assets Common stock sie par valve Retained earnings Total liabilities and equity 5 409,292 $ 329,562 5 10 100 $ 108536 S 66 078 $ e 115 82,25 162580 85,481 s 4de, 292 89, 045 68 532 162,5ea 152 see 61,94% 38 953 $ 379,562 S 31e, lee (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 adid-test ratia 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 Choose Numerator: Choose Denominator: Current Ratio = Current ratio Current Yr: - Oto 1 1 Yr Ago: 2 Yrs Ago: Oto 1 = Oto 1 ( 1A Required 1B > Required 1A Required 1B Required 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator = Acid-Test Ratio = Acid-test ratio oto 1 Current Yr 1 Yr Ago 2 Yrs Ago: Oto 1 Oto 1