- Compute the acid-test ratio for each of the three years.Additional Info:Acid-test ratio?The connect chart lists the numerator as:Cash + Short-term investments + Current receivablesThe denominator is listed as:Current liabilities (Note: What is the total of short-term investments?)

! Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow! At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash 9 35, 711 3 41. 334 9 42 , 204 Accounts receivable, net 104, 517 72, 335 55, 697 Merchandise inventory 126, 307 97, 478 61, 770 Prepaid expenses 21, 049 10, 350 4, 981 Plant assets, net 315, 826 289, 563 270, 446 Total assets $ 593, 410 9 511, 560 $ 435, 000 Liabilities and Equity Accounts payable 3 149, 237 6 84, 725 9 58, 568 Long-term notes payable 121, 561 209, 835 97, 096 Common stock, 310 par value 163, 500 162, 500 162, 500 Retained earnings 169, 112 145, 500 116, 836 Total liabilities and equity 5 593, 410 512, 560 9 435, 900