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Accounting
Use the following information for the Exercises below. Algo Skip to question The following information applies to the questions displayed below. Simon Company's yearend balance sheets follow. At December Current Year Year Ago Years AgoAssetsCash$ $ $ Accounts receivable, netMerchandise inventoryPrepaid expensesPlant assets, netTotal assets$ $ $ Liabilities and EquityAccounts payable$ $ $ Longterm notes payableCommon stock, $ par valueRetained earningsTotal liabilities and equity$ $ $ For both the current year and one year ago, compute the following ratios:
Use the following information for the Exercises below. Algo
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The following information applies to the questions displayed below.
Simon Company's yearend balance sheets follow.
At December Current Year Year Ago Years AgoAssetsCash$ $ $ Accounts receivable, netMerchandise inventoryPrepaid expensesPlant assets, netTotal assets$ $ $ Liabilities and EquityAccounts payable$ $ $ Longterm notes payableCommon stock, $ par valueRetained earningsTotal liabilities and equity$ $ $
For both the current year and one year ago, compute the following ratios:
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