Simon Companys year-end balance sheets follow. Simon Company's year-end balance sheets follow...
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Simon Companys year-end balance sheets follow.
Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 $ 31,381 $35,229$ 35,635 47,514 53,721 3,919 226,511 $ 526,620 $ 453,983 $ 367,300 91,853 112,091 10,006 281,289 62,286 85,667 9,629 261,172 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 132,440 $75,189 $ 47,999 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 99,995 106,504 162,500 162,500 109,790 78,738 162,500 78,063 453,983 367,300 131,685 $ 526,620 $ 1. Compute the current ratio for the year ended 2017, 2016, and 2015 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015 Complete this question by entering your answers in the tabs below
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