Question
Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 28,479 $ 33,625 $ 34,326
Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 28,479 $ 33,625 $ 34,326 Accounts receivable, net 83,373 58,844 45,768 Merchandise inventory 105,875 80,091 49,737 Prepaid expenses 9,449 8,827 4,009 Plant assets, net 260,388 238,927 219,960 Total assets $ 487,564 $ 420,314 $ 353,800 Liabilities and Equity Accounts payable $ 123,832 $ 69,612 $ 46,702 Long-term notes payable 88,912 98,606 78,972 Common stock, $10 par value 163,500 16
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Compute the current ratio for each of the three years.
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Accounting For Beginners
Authors: Warren Piper Ruell
1st Edition
1713479397, 978-1713479390
