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Please Help! Microeconomics Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: 1. Express the
Please Help!
Microeconomics
Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: 1. Express the balance sheets in common-size percents. 2. Assuuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have n assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 1 Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) For both the current year and one year ago, compute the following ratios: 1. Express the balance sheets in common-size percents. 2. Assuming annoual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfovorable? 3. Assuming annual sales have? not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs belowStep by Step Solution
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