Question
Simon Companys year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 32,329 $ 38,175 $ 38,585 Accounts receivable, net 94,656 68,156
Simon Companys year-end balance sheets follow.
| At December 31 | 2017 | 2016 | 2015 | ||||||
| Assets | |||||||||
| Cash | $ | 32,329 | $ | 38,175 | $ | 38,585 | |||
| Accounts receivable, net | 94,656 | 68,156 | 51,446 | ||||||
| Merchandise inventory | 121,416 | 88,280 | 57,038 | ||||||
| Prepaid expenses | 10,942 | 10,223 | 4,243 | ||||||
| Plant assets, net | 299,791 | 277,178 | 246,388 | ||||||
| Total assets | $ | 559,134 | $ | 482,012 | $ | 397,700 | |||
| Liabilities and Equity | |||||||||
| Accounts payable | $ | 135,048 | $ | 83,089 | $ | 53,021 | |||
| Long-term notes payable secured by mortgages on plant assets | 105,117 | 108,646 | 86,134 | ||||||
| Common stock, $10 par value | 162,500 | 162,500 | 162,500 | ||||||
| Retained earnings | 156,469 | 127,777 | 96,045 | ||||||
| Total liabilities and equity | $ | 559,134 | $ | 482,012 | $ | 397,700 | |||
1. Compute the current ratio for the year ended 2017, 2016, and 2015.
Compute the current ratio for the years ended December 31, 2017, 2016, and 2015.
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2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015.
Compute the acid-test ratio for the years ended December 31, 2017, 2016, and 2015.
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Health Care Marketing Audit A Complete Guide
Authors: Gerardus Blokdyk
2020 Edition
0655947469, 978-0655947462
