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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow.
Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current Year 1 Year Ago 2 Years Ago $ 32,508 93,304 116,161 $ 37,261 65,207 9,961 283,002 $ 534,936 84,460 9,878 264,346 $ 461,152 Long-term notes payable Common stock, $10 par value $ 131,867 101,574 162,500 138,995 $ 77,935 102,883 162,500 117,834 Total liabilities and equity $ 534,936 $ 461,152 Retained earnings For both the current year and one year ago, compute the following ratios: $ 36,568 47,772 51,921 4,186 232,653 $ 373,100 $ 48,757 80,806 162,500 81,037 $ 373,100 Accounts payable
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