Simon Company’s year-end balance sheets follow.
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Question “Simon Company’s year-end balance sheets follow.”
Simon Company’s year-end balance sheets follow.
(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?
(2-a) Compute the acid-test ratio for each of the three years.
(2-b) Did the acid-test ratio improve or worsen over the three year period?
Answer
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