Refer to Simon Company's balance sheets in Exercise 13-6. Analyze its year-end short-term liquidity po-...
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Refer to Simon Company's balance sheets in Exercise 13-6. Analyze its year-end short-term liquidity po- sition at the end of 2017, 2016, and 2015 by computing (1) the current ratio and (2) the acid-test ratio. Comment on the ratio results. (Round ratio amounts to two decimals.)
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