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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
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 Current Year 1 Year Ago 2 Years Ago $ 35,511 100,862 $ 41,924 $ 43,230 70,461 93,109 58,204 59,574 129,403 11,207 324,891 $ 601,874 115,415 10,787 302,576 $ 518,857 $ 88,564 122,917 163,500 143,876 162,500 169,596 $ 601,874 $ 518,857 4,756 262,336 $ 428,100 $ 57,639 91,772 163,500 115,189 $428,100 Accounts payable $ 154,363 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios:
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