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This is a long question. Would definitely like the answer if completed. Thanks for the help! ! Required information Exercise 13-8 Analyzing and interpreting liquidity

This is a long question. Would definitely like the answer if completed. Thanks for the help!

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! Required information Exercise 13-8 Analyzing and interpreting liquidity LO P3 (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 35, 980 89, 100 112,000 11,587 361,168 $609, 835 $ 42,058 $ 43,372 62,400 50, 100 82,500 55,000 11,040 4,819 327,722 284,809 $ 525, 720 $ 438,100 $ 151,849 $ 88,847 $ 57,829 114,649 162,500 180,837 $609, 835 120,916 96,820 162,500 162,500 153, 457 120,951 $ 525, 720 $ 438,100 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 792,786 $ 483,599 245, 764 13,477 10,306 753, 146 S 39, 640 1 Yr Ago $ 625, 607 $ 406,645 158,279 14,389 9,384 588,697 $ 36,910 $ 2.27 S 2.44 Exercise 13-8 Part 2 (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: | Choose Denominator: Accounts Receivable Turnover / Accounts receivable turnover Current Yr: / times 1 Yr Ago: / II times Exercise 13-8 Part 2 (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover juired 2A Required 2B Improved Worsened Exercise 13-8 Part 3 (3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 3A Required 3B Compute inventory turnover. Inventory Turnover 1 Choose Denominator: Choose Numerator: Inventory Turnover 1 = Inventory turnover Current Yr: / times 1 Yr Ago: 1 times (3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 3A Required 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover

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