Question: Refer to Simon Company s balance sheets in Exercise 17 7 Analyze

Refer to Simon Company’s balance sheets in Exercise 17-7. Analyze its year- end short- term liquidity position at the end of 2014, 2013, and 2012 by computing
In Exercise 17-7, Simon Company’s year-end balance sheets follow. Express the balance sheets in common- size percents. Round amounts to the nearest one- tenth of a percent.

(1) The current ratio
(2) The acid-test ratio. Comment on the ratio results. (Round ratio amounts to twodecimals.)

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