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Required information Complete this question by entering your answers in the tabs below. Compute the acid - test ratio for each of the three years.
Required information Complete this question by entering your answers in the tabs below. Compute the acidtest ratio for each of the three years. The following information applies to the questions displayed below. Simon Company's yearend balance sheets follow. For both the current year and one year ago, compute the following ratios: a Compute the current ratio for each of the three years. b Did the current ratio improve or worsen over the threeyear period? a Compute the acidtest ratio for each of the three years. b Did the acidtest ratio improve or worsen over the threeyear period?
Required information Complete this question by entering your answers in the tabs below.
Compute the acidtest ratio for each of the three years.
The following information applies to the questions displayed below.
Simon Company's yearend balance sheets follow.
For both the current year and one year ago, compute the following ratios:
a Compute the current ratio for each of the three years.
b Did the current ratio improve or worsen over the threeyear period?
a Compute the acidtest ratio for each of the three years.
b Did the acidtest ratio improve or worsen over the threeyear period?
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