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Exercise 13-7 Analyzing liquidity LO P3 [The...

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Accounting

Exercise 13-7

Analyzing liquidity LO P3


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[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: 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? 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? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute the acid-test ratio for each of the three years. Exercise 137 (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 peri (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 pe Complete this question by entering your answers in the tabs be Did the acid-test ratio improve or worsen over the three-year period

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