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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 $ 33,034 58,966 $ 34,741 45,872 47,896 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,413 80,270 101,954 8,828 260,531 $ 478,996 88,250 77,156 8,585 235,187 $ 412,928 $ 68,389 94,024 163,500 87,015 162,500 110,169 $ 478,996 $ 412,928 For both the current year and one year ago, compute the following ratios: 3,860 208,331 $ 340,700 $ 45,872 76,801 163,500 54,527 $ 340,700 Accounts payable $ 118,077
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