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Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 25, 108 72,027 92,427 8,085 236,590 $ 434,237 $ 29,947 $ 31,520 52, 408 43,300 67,868 45,667 7,783 3,573 216,336 197,540 $ 374,342 $ 321,600 $ 107,044 $ 62,631 $ 41,602 80,004 162,500 84,689 $ 434,237 85,238 71,074 162,500 162,500 63,973 46,424 $ 374,342 $ 321,600 (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 1 Choose Denominator: Choose Numerator: Current Ratio Current ratio Complete this question by entering your answers in the tabs below. Required 1A Required 18 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 to 1 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: III / = to 1 Required 1A Required 1B Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator: + Acid-Tost Ratio Acid-tost ratio to 0 1 lo 0 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: + . - 0 1