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:
