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only need denominator for some reason eveything gets cut off in the picture Required information Use the following information for the Exercises below. (Algo) [The
only need denominator for some reason eveything gets cut off in the picture
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 S438, 200 S 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 acid-test ratio Acid-Test Ratio Acid-test ratio 11 1 Denominator: Current receivables Current liabilities $ 104, 29515 $ 72,8671 $ 58,999/ Il 11 Oto 1 O to 1 0 to 1 = Step by Step Solution
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