Refer to Simon Company's balance sheets in Exercise 13-6. Analyze its year-end short-term liquidity position at the

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Refer to Simon Company's balance sheets in Exercise 13-6. Analyze its year-end short-term liquidity position at the end of 2015, 2014, and 2013 by computing

(1) The current ratio and

(2) The acid-test ratio.

Comment on the ratio results. (Round ratio amounts to two decimals.)

In Exercise 13-6

Refer to Simon Company's balance sheets in Exercise 13-6. Analyze
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Managerial Accounting

ISBN: 978-0078025600

5th edition

Authors: John Wild, Ken Shaw

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