2 14.28 points Simon Company's year-end balance sheets follow. 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 eBook Hint Print References Total liabilities and equity Common stock, $10 par value Retained earnings Current Ye 1 Yr Ago 2 Yrs Ago $ 27,027 80,755 $ 32,895 $ 33,254 55,056 43,452 101,534 74,562 46,744 8,883 8,549 3,806 254,050 235,249 206,644 $472,249 $ 407,111 $335,900 $116,414 $ 68,114 $ 44,782 90,558 162,500 93,636 162,500 82,861 74,234 102,777 $472,249 162,500 54,384 $ 407,111 $335,900 (1-0) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three year period? (2-0) 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. Ranirad 1A Panded Paired