3 Part 2 of 6 0.42 points eBook H Print References Required information: [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses i Plant assets, net Total assets Liabilities and Equity, Accounts payable Long-term notes payable i Common stock, $10 par value Retained earnings. Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 30,442 88,230 107,638 9,706 274,842 $ 510,858 $ 34,527 59,806. 82,288 9,526 254,248 $440,395 $ 75,915 101,291 162,500 100,689 $ 125,932 96,041 163,500 125,385 $ 510,858 $ 440,395 For both the current year and one year ago, compute the following ratios: (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 18 Required 2A Required 28 Compute the current ratio for each of the three years. $ 36,333 46,069 51,092 4,037 222,269 $ 359,800 $ 47,019 77,130 162,500 73,151 $359,800 Current Ratio Numerator: Current assets Denominator Current liabilities Current Year: 1 Year Age: 2 Years Ago: Current Ratio Current ratio 0 to 1 0 to 1 0 to 1 Required 1A Required 1B > ces Required information [The following information applies to the questions displayed below] 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 Current Year 1 Year Ago 2 Years Ago $ 30,442 88,230 $ 34,527 $ 36,333 59,806 46,069 107,638 82,288 51,092 274,842 $510,858 $ 125,932 96,041 163,500 162,500 125,385 100,689 $ 510,858 $440,395 Long-term notes payable Common stock, $10 par value. Retained earnings Total liabilities and equity 9,706 9,526 254,248 $ 440,395 $ 75,915 101,291 For both the current year and one year ago, compute the following ratios: 4,037 222,269 $ 359,800 $ 47,019 77,130 162,500 73,151 $ 359,800 (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 18 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Current Year 1 Year Ago: 2 Years Ago: Acid-fest ratio Numerator Denominator: Short-term investments Acid-Test Ratio Acid-test ration " 0 to 1 10 to 1 0 to 1