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Simon Companys year-end balance sheets follow. Current Yr1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable,
LU TUI ball or menee years. (1-b) Did the current ratio improve or worsen over the three year period? (2-a) Compute the acid-
Simon Companys year-end balance sheets follow. Current Y 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable,
Help Sa For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Tota
Required information Complete this question by entering your answers in the tabs below. Required 1A Required 1B Compute days
Required information [The following information applies to the questions displayed below) Simon Companys year-end balance sh
Help Save $ 458,074 $ 394,891 $ 332,480 $ 112,920 Total assets Liabilities and Equity Accounts payable Long-term notes payabl
(2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. C
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Answer #1

Requirement: 1a Years = = Current ratio / Denominator / Current liabilities / 127297 71 73007 47999 Numerator Current assets

Requirement: 1 a Years = Days sales Uncollected 1 Denominator 1 Net Sales 595496 469920 Numerator Accounts Receivable 89800 6

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