(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? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Did the current ratio improve or worsen over the three-year period? (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? (2-o) Compute the acid-test ratio for each of the three years (2-b) Did the acid-test ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Did the acid-test ratio improve or worsen over the thren-year period? (1-a) Cornpute the current ratio for each of the three years: (1-b) Did the current ratio improve or worsen over the three-year period? (2-a) Compute the acid-test ratio for each of the three years (2-b) Did the acid test ratio improve or worsen over the three-year period? Complete this question by antering your answers in the tabs below. Compute the add test rabio for each of the three years. 2. Assuming annual sales have not changed in the tast three years, is the change in accounts receivable os a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise imventory as a percentage of total assets favorable or untavorable? Complete this question by entering your answers in the tabs below. 2. Assuming annaal eales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: 2. Assuming annual sales have not changed in the last three years, is the change in accounts recelvable as a percentoge of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size percents. Note: Do not round intermediate calculations and round your final percentage answers to if decimal place. (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? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Compute the current ratio for each of the three years