Question
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
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 $ 488,993 $ 125,412 Long-term notes payable Common stock, $10 par value Retained earnings 163,500 107,231 Total liabilities and equity $ 488,993 Current Year 1 Year Ago 2 Years Ago $ 33,724 $ 33,755 57,246 $ 28,851 81,945 107,236 9,198 261,763 92,850 76,426 8,852 245,298 $ 421,546 45,915 48,905 3,864 211,961 $ 344,400 $ 44,552 73,829 162,500 63,519 $ 344,400 $ 71,954 99,864 162,500 87,228 $ 421,546 For both the current year and one year ago, compute the following ratios:
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