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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year $ 29,945 89,394 111,305 9,451 267,451 $ 507,546 $ 122,588 92,556 162,500 129,902 $ 507,546 1 Year Ago $ 34,653 62,481 81,754 9,188 249,464 $ 437,540 $ 73,944 101,641 162,500 99,455 $ 437,540 2 Years Ago $ 36,462 47,643 51,253 4,132 228,810 $ 368,300 $ 49,102 79,766 163,500 75,932 $ 368,300
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