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Requlred Informatlon [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year
Requlred Informatlon [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: (1-e) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three-year period? (2-e) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Compute the current ratio for each of the three years
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