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Compute the acid-test ratio for each of the three years. Did the acid-test ratio improve or worsen over the three-year period? Acid-test ratio Did the

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Compute the acid-test ratio for each of the three years. Did the acid-test ratio improve or worsen over the three-year period? Acid-test ratio Did the current ratio improve or worsen over the three-year period? Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: Exercise 17-7 (Algo) Analyzing liquidity LO P3 (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? Compute the current ratio for each of the three years

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