Required Information
Use the following information for the Exercises below. Algo
The following informotion opplies to the questions clisployed below.
Simon Company's yearend balance sheets follow.
For both the current year and one year ago, compute the following ratios:
Exerclse Algo Commonsze percents LO P
Express the balance sheets in commonsize percents.
Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total
assets favorable or unfavorable?
Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total
assets favorable or unfavorable?
Complete this question by entering your answers in the tabs below.
Req and
Express the balance sheets in commonsize percents.
Note: Do not round intermediate calculations and round your final percentage answers to decimal place.Required information Use the following information for the Exercises below. AlgoThe following information applies to the questions displayed below. Felix & Company reports the following information.
