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just need the last two sections of requires 2A the answers and explanation were cut off the last time i posted a question Required information
just need the last two sections of requires 2A the answers and explanation were cut off the last time i posted a question
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 36, 712 104, 295 132, 456 11, 705 330, 906 $ 616, 074 $ 42,913 72, 867 100, 218 10,930 304 170 S531,098 $ 42, 948 58,999 62,224 4,917 269, 112 S. 438, 200 $ 156, 470 118, 138 162,500 178, 966 $ 616,074 $ 91, 551 123,374 163,500 152, 673 5 531,098 $ 57, 264 95,874 162,500 122,562 $ 438, 200 Compute the acid-test ratio for each of the three years. Acid-test ratio Denominator: Accounts receivable, net Current receivables Current Year: 1 Year Ago: 2 Years Ago Numerator: Cash + Short-term investments SE36 712 - $ $ 42.913 $ 0 $ 42.948 - $ Acid-Test Ratio Acid-test ratio 0101 oto 1 Oto 1 (Required 16 Required 28 >
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