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Refer to Simon Company's balance sheets in Exercise 17-6. (1) Compute the current ratio for...

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Accounting

Refer to Simon Company's balance sheets in Exercise 17-6. (1) Compute the current ratio for each of the three years. Did the current ratio improve or worsen over the three-year period? (2) Compute the acid-test ratio for each of the three years. Did the acid-test ratio improve or worsen over the three-year period?

Round ratios to two decimals

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Refer to Simon Company's balance sheets in Exercise 17-6. (1) Compute the current ratio for each of the three years. Did the current ratio improve or worsen over the three-year period? (2) Compute the acid-test ratio for each of the three years. Did the acid-test ratio improve or worsen over the three-year period? Round ratios to two decimals

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