2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 14.28 points Skipped $ 28,529 79,444 101,925 9,097 255,074 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 $ 33,021 $ 34,759 56, 643 45,882 75,606 50, 355 8,668 3,901 234,742 216, 203 $ 408,680 $ 351, 100 $ 474,069 eBook $ 118,043 $ 70,448 $ 45, 418 100 Hint 91,799 162,500 101,727 $ 474,069 91,177 75,265 162,500 162,500 84,555 67,917 $ 408,680 $ 351, 100 Print References (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 Choose Numerator: Choose Denominator: / Current Ratio Current ratio to 1 1 to 1 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: to 1