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I am stuck right here. Exercise 17-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow 2013 At December 31 Assets Cash Accounts receivable,
I am stuck right here.
Exercise 17-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow 2013 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 2015 2014 $ 27,617 S 33,260 $ 33,967 82,469 56,494 44,836 102,673 76,915 48,233 9,073 8,388 3,736 250,987232,546 212,328 Total assets $472,819 $407,603 $ 343,100 Liabilities and Equity Accounts payable Long-term notes payable secured by $117,732 S 67,507 $ 45,742 mortgages on plant assets ommon stock, $10 par value 91,557 96,561 75,067 162,500 162,500 162,500 101,030 81,035 59,791 Retained earnings Total liabilities and equity $472,819 $407,603 $ 343,100 (1)Compute the current ratio for the year ended 2015, 2014, and 2013 urrent Ratio Choose Numerator:Choose Denominator: - Current Ratio Current assets Current liabilities Current ratio 2015 2014: 2013 0 to 1Step by Step Solution
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