Current Yr 1 Yr Ago 2 Yes Ago 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 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,447 93,120 117,081 10, 244 286, 278 $ 539,170 $ 36,440 $ 37,587 64,422 51,128 85, 128 55,002 9,468 4,303 269, 344 235,480 $ 464,802 $ 383,500 $ 136,938 $ 76,195 $ 51,128 99,337 162,500 140, 395 $ 539,170 104,766 83,058 162,500 162,500 121, 341 86,814 $ 464,802 $ 383,500 (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 Compute the current ratio for each of the three years. Choose Numerator: Cost of goods sold Current Ratio Choose Denominator: Average accounts receivable, net n Current Ratio Current ratio 0 to 1 0 to 1 Current Yr: 1 1 Yr Ago 2 Yrs Ago: 0 to 1