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3 4 ints Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net
3 4 ints 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 eBook Hint 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 Print Current Yr 1 Yr Ago 2 Yrs Ago . $ 32,853 90,552 119,720 $ 38,026 $ 39,211 65,228 52,281 85,323 54,587 10,165 292,629 10,180 4,357 271,863 237,864 $ 545,919 $ 470,620 $388,300 $133,215 $ 78,739 $ 51,256 102,633 107,160 84,0981 162,500 147,571 $ 545,919 162,500 122,221 $470,620 $ 388,300 162,500 90,446 (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.
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