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Simon Companys year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 2015 2014 2013 S
Simon Companys year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 2015 2014 2013 S 28,650 S 34.185 S 34,545 84,713 59,197 44,706 104,401 79,007 47,607 9,133 9,057 3,838 263,593 241,410 211,404 342,100 Total assets S490,490 S422,836 S Liabilities and Equity Accounts payable Long-term notes payable secured by S 119,889 S 69,316 S 44,254 mortgages on plant assets Common stock, $10 par value Retained earnings 93,134 98,225 73,336 182,500 182,500 182,500 115,167 92,795 62,010 342,100 Total liabilities and equity S490,490 S422,836 S (1) Compute the current ratio for the year ended 2015, 2014, and 2013. Choose Numerator Current Ratio Current assets Current liabilities Current ratio 2015:S 2014S 2013:S 226,897 , s 181,428S 130,698 / 119,689 89,318 44 25A 1.90 to 1 2.62 to 1 2.95 to 1
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