$ 43,031 74,559 99,509 $ 43,506 59,156 62,402 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 $ 35,720 105,639 130,165 11,738 334,510 $ 617,772 11,184 304,279 $532,562 $ 155,363 114,980 $ 90,003 123,714 162,500 184,929 163,500 155,345 $ 617,772 $ 532,562 Common stock, $10 par value Long-term notes payable Retained earnings Total liabilities and equity 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 2B 4,930 265,106 $ 435,100 $ 58,582 95,196 163,500 117,822 $ 435,100 < Prev 2 of 7 Next >