Question: Need help ASAP, also all are 1 question. Part 2 of 5 4.16 points 8 03:52:19 Required information Use the following information for the Exercises


Part 2 of 5 4.16 points 8 03:52:19 Required information 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 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 23,976 $ 28,308 $ 30,096 Accounts receivpble, net 69,489 50,531 39,727 Merchandise inventory 86, 487 66, 118 42,305 Prepaid expenses 7,643 7,357 3,311 Plant assets, net 222,878 201,542 188,561 Total assets $ 410, 473 $ 353, 856 $ 304,000 Liabilities and Equity Accounts payable $ 183,230 $ 60,998 $ 41,332 Long-term notes payable 77,941 79,759 69,200 Common stock, s10 par value 163,500 163,500 162,500 Retained earnings 65,802 49,599 30,968 Total liabilities and equity $ 410,473 $ 353,856 $ 304,000 eBook Him Ask Print References For both the current year and one year ago, compute the following ratios: Exercise 13-7 (Algo) Analyzing liquidity LO P3 Required information (2-b) Did the acid-test ratio improve or worsen over the three-year period? Part 2 of 5 Complete this question by entering your answers in the tabs below. 16 Joints Required 1A Required 18 Required 2A Required 28 8 03:52:07 Compute the current ratio for each of the three years. eBook Numerator: Current assets Current Ratio Denominator: Current liabilities Current Ratio Current ratio Hint 11 Ask 0 to 1 Current Year: 1 Year Ago: 2 Years Ago: oto 1 Print Oto 1 Acid-test ratio Numerator: Short-term investments Denominator: Current liabilities Cash + Current receivables + Current Year: 1 Year Ago: 2 Years Ago - Acid-Test Ratio Acid-test ratio O to 1 O to 1 = oto 1 --- + 1
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