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Required Information [ The following information applies to the questions displayed below. ] Simon Company's year - end balance sheets follow. The company s income
Required Information
The following information applies to the questions displayed below.
Simon Company's yearend balance sheets follow.
The companys income statements for the current year and one year ago follow. Assume that all sales are on
credit:
a Compute inventory turnover.
b For each ratio, determine if it improved or worsened in the current year.
Complete this question by entering your answers in the tabs below.
Compute inventory turnover. Fill out inventory turnover form. Numerator choices, accounts receivable, average accounts inventory, cost of goods sold, current assets, current liabilities, ending inventory, net sales Denominator choices accounts receivable net, average inventory, cost of goods sold, current assets, current liabilities, ending inventory net sales
PLEASE ALSO FIND For each ratio, determine if it improved or worsened in the current year.
Inventory turnover: choices: improved worsened
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