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 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 33,941 $ 40,078 $ 41,331 101,382 70,137 56,221 123,682 94,554 10,819 317,182 10,8391 290,432 58,684 4,592 260,872 587,006 $ 506,040 $146,164 110,357 162,500 167,985 $ 85,521 119,881 162,500 138,138 $ 587,006 $ 506,040 For both the current year and one year ago, compute the following ratios: $ 421,700 $ 53,994 90,400 163,500 113,806 $ 421,700
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