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Simon Company’s year-end balance sheets follow.

Cash $25,856 $29,050 $30,261.
Accounts receivable, net 73,485, 50,838, 39,936
Merchandise inventory 90,564, 69,893, 44,290
Prepaid expenses 8,084, 7,857, 3,362
Plant assets, net 227,492, 209,156, 194,051
Total assets $425,481, $366,794, $311,900
Liabilities and Equity
Accounts payable $102,766, $63,848, $41,583
Long-term notes payable secured by mortgages on plant assets 78,391, 82,675, 70,308
Common stock, $10 par value 162,500, 162,500, 162,500
Retained earnings 81,824, 57,771, 37,509
Total liabilities and equity $425,481, $366,794, $311,900
Compute the current ratio for each of the three years.

User MGDavies
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1 Answer

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Ok it’s 1,345,234,324 is the answer
User Sugarcrum
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