(Answered) Refer to simon companys balance sheets in exercise 17-7

Accounting

Refer to Simon Company's balance sheets in Exercise 17-7. Analyze its year end short term liquidity position at the end of 2014, 2013, and 2012 by computing
In Exercise 17-7, Simon Company's year-end balance sheets follow. Express the balance sheets in common size percents. Round amounts to the nearest one tenth of a percent.

354_267-B-M-A-F-S-A (1340).png

(1) The current ratio
(2) The acid test ratio. Comment on the ratio results. (Round ratio amounts to twodecimals.)

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