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Simon Company's year-end balance sheels foliow For both the current year and one year ago, compute the following ratios: (1-a) Compute the current ratio for
Simon Company's year-end balance sheels foliow For both the current year and one year ago, compute the following ratios: (1-a) 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-a) 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. For both the current year and one year ago, compute the following ratios: (1-a) 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-a) 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 perlod? Complete this question by entering your answers in the tabs below. Did the current ratio improve or worsen over the three-year period? Sumon Company's year-end balance sheets follow For both the current year and one year ago, compute the followng ratios. (1-a) Compute the curtert ratio for each of the thice years (t-b) Did the current ratio improve or worsen over the thiee-year petiod? (20) Compute the acid test ratio for each of the three years (2-b) Did the acid tedt ratio upprove or worsen over the three-year penod? Complete this asmitioe by entering veur answers in the tabs below. Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: (1-a) 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-a) 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. Did the acid-test ratio improve or worsen over the three-year period
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