Simon Company's year-end balance sheets follow. At December 31Current Year1 Year Ago2 Years Ago Assets Cash$ 33,128$ 38,723$ 41,580 Accounts receivable, net96,99470,53255,440 Merchandise inventory126,87991,37559,044 Prepaid expenses11,21310,5804,620 Plant assets, net304,733282,710259,316 Total assets$ 572,947$ 493,920$ 420,000 Liabilities and Equity Accounts payable$ 144,090$ 83,472$ 56,549 Long-term notes payable106,637113,60291,892 Common stock, $10 par value163,500162,500163,500 Retained earnings158,720134,346108,059 Total liabilities and equity$ 572,947$ 493,920$ 420,000 Exercise 13-7 (Algo) Analyzing liquidity LO P3 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three-year period

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies

What are the positive environmental trends seen today? many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive. choose one of those 3 option to fill the