Q 7/9 - attempt 2

Required information Exercise 13-8 Analyzing and interpreting liquidity LO P3 [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute inventory turnover. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. For each ratio, determine if it improved or worsened in the current year