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Current Yr 1 Yr Ago 2 Yrs Agg At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets
Current Yr 1 Yr Ago 2 Yrs Agg 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 $ 30,246 91,204 113,559 9,642 273,173 $517,824 $ 36,783 $ 36,091 63,12150,086 82,584 52, 296 9,468 4,133 254,444 229,394 $446,400 $372,000 $128,938 $ 76,196 $ 49,595 100, 271 162,500 126, 115 $517,824 102,672 84,678 162,500 162,500 105,032 75,227 $446,400 $372,000 (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
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