1B and 2B are done

Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 33, 710 95,729 125, 324 11,185 311,182 $ 577,130 $ 40,200 $ 40,640 68,957 55, 270 92,963 56,542 10,448 4,516 284,958 253,532 $ 497,526 $ 410,500 $ 146,579 $ 84,923 $ 53,102 106,330 162,500 161,721 $ 577,130 112, 142 89,813 162,500 162,500 137,961 105,085 $ 497,526 $ 410,500 (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. Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years. Current Ratio 1 Choose Denominator: Current liabilities Choose Numerator: Current assets Current Ratio Current ratio / to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: 1 - 0 to 1 1 1 0 to 1 Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,710 95,729 125, 324 11,185 311,182 $ 577,130 $ 40,200 $ 40,640 68,957 55,270 92,963 56,542 10,448 4,516 284,958 253,532 $ 497,526 $ 410,500 $ 146,579 $ 84,923 $ 53,102 106,330 162,500 161,721 $ 577,130 112, 142 89,813 162,500 162,500 137.961 105,085 $ 497,526 $ 410,500 (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. Required 1A Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: 1 Choose Denominator: = Acid-Test Ratio = Acid-test ratio 0 to 1 = 0 to 1 + / Current Yr: 1 Yr Ago: 2 Yrs Ago: + = 0 to 1