Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

تمرين 50

Refer to Simon Company's balance sheets in Exercise 17-6. Analyze its year-end short-term liquidity position at the end of 2015, 2014, and 2013 by computing (1) the current ratio and (2) the acid-test ratio. Comment on the ratio results. (Round ratio amounts to two decimals.)
Reference: Exercise 17-6
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. Analyze and comment on the results.