Business, 09.09.2021 21:20 SassyBanana

Simon Company's year-end balance sheets follow. At December 31Current Year1 Year Ago2 Years Ago Assets Cash$ 33,128$ 38,723$ 41,580 Accounts receivable, net96,99470,53255,440 Merchandise inventory126,87991,37559,044 Prepaid expenses11,21310,5804,620 Plant assets, net304,733282,710259,316 Total assets$ 572,947$ 493,920$ 420,000 Liabilities and Equity Accounts payable$ 144,090$ 83,472$ 56,549 Long-term notes payable106,637113,60291,892 Common stock, $10 par value163,500162,500163,500 Retained earnings158,720134,346108,059 Total liabilities and equity$ 572,947$ 493,920$ 420,000 Exercise 13-7 (Algo) Analyzing liquidity LO P3 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three-year period

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Simon Company's year-end balance sheets follow. At December 31Current Year1 Year Ago2 Years Ago Asse...

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