1 Year Ago 2 Years Ago Simon Company's year-end balance sheets follow. At December 31 Current Year Assets Cash $ 28,893 Accounts receivable, net 81,255 Merchandise inventory 105,290 Prepaid expenses 9, 213 Plant assets, net 260, 220 Total assets $ 484,871 Liabilities and Equity Accounts payable $ 118,318 Long-term notes payable 92,979 Common stock, $10 par value 162,500 Retained earnings 111, 074 Total liabilities and equity $ 484,871 $ 33,774 58,519 75,782 8,953 240,964 $ 417,992 $ 35,906 48, 349 50,482 3,871 220,492 $ 359, 10e $ 68,521 94, 215 162,500 92,756 $ 417,992 $ 46,927 80,155 163,5ee 68,518 $ 359,120 For both the current year and one year ago, compute the following ratios: Required 1A Required 18 Required 2A Required 28 Compute the current ratio for each of the three years. Current Ratio Numerator: Denominator: 11 Current Ratio Current ratio to 1 11 Current Year: 1 Year Ago: 2 Years Ago: to 1 to 1 Required 1A Required 1B Required 2A Required 2B Did the current ratio improve or worsen over the three-year period? Current ratio ES Required 1A Required 15 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-test ratio Denominator: Numerator: Short-term investments Current Year: 1 Year Ago: 2 Years Ago: - Acid-Test Ratio Acid-test ratio to 1 101 to 1 Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Did the acid-test ratio improve or worsen over the three-year period? Acid-test ratio