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[ The following information applies to the questions displayed below. ] Simon Company's year - end balance sheets follow. For both the current year and
The following information applies to the questions displayed below. Simon Company's yearend balance sheets follow. For both the current year and one year ago, compute the following ratios: Exercise Algo Analyzing liquidity LO P a Compute the current ratio for each of the three years. b Did the current ratio improve or worsen over the threeyear period? a Compute the acidtest ratio for each of the three years. b Did the acidtest ratio improve or worsen over the threeyear period? Complete this question by entering your answers in the tabs below. Compute the current ratio for each of the three years.
The following information applies to the questions displayed below.
Simon Company's yearend balance sheets follow.
For both the current year and one year ago, compute the following ratios:
Exercise Algo Analyzing liquidity LO P
a Compute the current ratio for each of the three years.
b Did the current ratio improve or worsen over the threeyear period?
a Compute the acidtest ratio for each of the three years.
b Did the acidtest ratio improve or worsen over the threeyear 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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