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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 $ 34,702 99,560 126,455 11,401 321,988 $ 594,106 111,692 162,500 169,023 $ 40,973 73,136 95,697 10,970 291,384 $ 512,160 $ 85,689 115,441 $ 42,689 58,080 61,855 4,792 272,584 $440,000 $ 57,499 98,212 162,500 163,500 147,530 121,789 $512,160 $440,000 Accounts payable $ 150,891 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 594,106 For both the current year and one year ago, compute the following ratios:
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