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post answer so its fully visible and not cut off Simon Company's year-end balance sheets follow. 2018 2017 2016 At December 31 Assets Cash Accounts
post answer so its fully visible and not cut off
Simon Company's year-end balance sheets follow. 2018 2017 2016 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 $ 31,800 $ 35,625 $ 37,800 89,500 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230,500 $523,000 $445,000 $ 377,500 $129,900 $ 75,250 $ 51, 250 98,500 101,500 83,500 163,500 163,500 163,500 131, 100 104, 750 179, 250 $523,000 $445,000 $ 377,500 1. Compute the current ratio for the years ended December 31, 2018, 2017 and 2016. 2. Compute the acid-test ratio for the years ended December 31, 2018, 2017 and 2016. Complete this question by entering your answers in the tabs below. 1. Compute the current ratio for the years ended December 31, 2018, 2017, and 2016. 2. Compute the acid-test ratio for the years ended December 31, 2018, 2017, and 2016. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the current ratio for the years ended December 31, 2018, 2017, and 2016. Current Ratio Choose Denominator: Choose Numerator Current Ratio Current ratio 2018: 2017: 2016: to 1 to 1 to 1 Required 1 Required 2 > 1. Compute the current ratio for the years ended December 31, 2018, 2017 and 2016 2. Compute the acid-test ratio for the years ended December 31, 2018, 2017 and 2016 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the add-test ratio for the years ended December 31, 2018, 2017, and 2016. Acid Test Ratio Choose Numerator Choose Denominator 1 Acid-Test Ratio Acid-fost ratio to 1 2018: 2017: 2016: ... to 1 to 1 Step by Step Solution
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