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pls show each step thanks Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts
pls show each step thanks
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,912 $ 41,258 $ 43, 398 101,296 70,078 56,741 127,361 91,668 62,248 10,921 10,724 4,682 313,021 291,885 258,531 $ 586,511 $ 505,613 $ 425,600 $ 141,660 $ 87,158 $ 56,741 110,264 162,500 172,087 $ 586,511 116,291 92,176 162,500 162,500 139,664 114,183 $ 505,613 $ 425,600 (1-a) Compute the current ratio for each of the three years. (1-1) Did the current ratio improve or worsen over the three year period? (2-6) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years. Current Ratio Choose Numerator: Choose Denominator: = Current Ratio Current ratio to 1 to 1 = Current Yr: 1 Yr Ago: 2 Yrs Ago: = = to 1 Required 1 Required 1B > Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Did the current ratio improve or worsen over the three year period? Current ratio Current 133 points At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, het Total assets Liabilities and Equity Accounts payable Long-tern nate payable secured by mortgages on plant assets Common stock. 510 par value Retained earnings Total liabilities and equity $ 33,912 101,200 129,361 10,921 313,021 5 586,511 1 Yr Ago Yes Ago $41,258 $ 43,398 70,078 56,741 91,665 62,24 10,724 4,682 291.885 258,331 $505,613 5.425,600 ebook $ 141,660 110,264 162,500 172.087 5 586,511 $ 87,158 $ 56,741 115,291 92,176 162,500 162,500 139,664 114,183 $ 505,613 5 425,600 Hint Deferences (1-a) Compute the current ratio for each of the three years. (1-6) Did the current ratio improve or worsen over the three year period? (2-a) Compute the acid-test ratio for each of the three years (2-6) Did the acid-test ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. Required 1A Required 18 Regled 2A Required 20 Compute the acid-test ratio for each of the three years. Acitinstrato Choose Nurnerator Choose Denominator Current Yr 1 Yr Ago 2 Yrs Ago Acid Test Ratio Add-test ratio to 1 to 1 to 1
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