Check my world B Simon Company's year-end balance sheets follow Current Year 1 Year Ago 2 Years Ago 12 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 Common stock, $10 par value Retained earnings Total Habilities and equity $ 32,924 91,683 121, 155 10,187 291,149 $ 547,098 $ 38, 108 66,689 84.635 10,603 272, 2e1 5471,636 5 39, 303 50,832 57,501 4,454 244.910 5 397,000 ed $ 132,241 102,654 162,500 149,603 5 547,098 5 78,909 107,392 162,500 122,835 $ 471,636 $ 50,832 90, 359 162,500 93,299 5 397,00 (1-0) 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. (2-b) Did the acid-test ratio improve or worsen over the three-year period? of 2 Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Sed Compute the current ratio for each of the three years. ok Current Ratio Denominator: Numerator: = ht Current Ratio Current ratio to 1 to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: ces to 1 Required 18> Required information (2-b) Did the acid-test ratio improve or worsen over the three-year period? Part 1 of 2 Complete this question by entering your answers in the tabs below. 214 points Required 2A Skloped Required 1A Required 18 Required 2e Did the current ratio improve or worsenter the three-year period? ebook Current ratio Hint Print References Check my work 3 Required information (2.b) Did the acid-test ratio improve or worsen over the three year period Part 1 OF 2 Complete this question by entering your answers in the tabs below. 214 its Required A Red 18 Mered owned Compute the addest ratio for each of the three years Alles Act Short terminat 1 Current 1 Yr Ago: 2 Yrs Ago co Next >