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Multiple Sections!!! Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets
Multiple Sections!!!
Simon Company's year-end balance sheets follow. 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 Current Year $ 28,763 86,732 105,873 9,450 261,615 $ 492,433 $ 120,164 91,652 162,500 118,117 $492,433 1 Year Ago $ 34,300 60,026 77,749 8,915 243,521 $ 424,511 $ 71,025 100,567 163,500 89,419 $ 424,511 For both the current year and one year ago, compute the following ratios: 2 Years Ago $36,466 49,585 50,234 3,972 224,443 $364,700 $ 47,659 80,599 162,500 73,942 $364,700 4
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