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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

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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-ters notes payable secured by mortgages on plant assets Coon stock. $10 par value Retained earnings Total liabilities and equity $ 32,734 96,790 122,900 10,541 297,454 $560.419 $ 39,036 $ 39,857 68,313 52,612 38,483 57. 169 10,247 4.517 277,041 248,445 $483.120 5402.600 $142,335 $ 82,464 $ 54,206 107.466 162,500 148.118 5560,419 113.300 89.864 162,500 162,500 124.816 96.030 483.120 ste2.600 al Compute the current ratio for each of the three years - Od the current to prove or worsen over the three year period al Compute the id test for each of the three years 12. Od the wides p rove or worsen over the three year period Complete this question by entering your answers in the tabs below. A r red 10 red 2A Required 28 Comote the acidtestato for each of the three years Acadestrato Current Ye: - Acid Test Ratio Oto 1 Cost of goods sold Current sets Current Labile Required 10 0101 0 to 1 Required 23 >

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