Current Yr 1 Yr Ago 2 Yrs ago 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 $ 25,933 73,675 93,567 8,021 234,001 $ 435,197 $ 30,914 $ 32,202 53,049 40,435 69,406 45,292 8,036 3,509 213,265 194,362 $ 375,170 $ 315,800 $ 111,615 $ 64,038 $ 40,852 80, 181 162,500 80,901 $ 435,197 84,563 69,792 162,500 162,500 64,069 42.656 $ 375,170 $ 315,800 (1-a) Compute the current ratio for each of the three years. (1-1) 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 28 Compute the current ratio for each of the three years. Current Ratio 1 Choose Denominator: Choose Numerator: Current Ratio Current ratio to 1 1 Current Yr: Current Y 1 Yr Ago 2 Yrs ago 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 $ 25,933 73,675 93,567 8,021 234,001 $ 435,197 $ 30,914 532,202 53,049 40,435 69.406 45,292 8,036 3,509 213,765 194,362 $ 375,170 $ 315,800 $ 111,615 $ 64,038 $ 40,852 80, 181 162,500 80,901 $ 435,197 84,563 69,792 162,500 162,500 64,069 42,656 $ 375,170 $ 315,800 (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 1B Required 2A Required 2B Did the current ratio improve or worsen over the three year period? Current ratio (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 20 Compute the acid-test ratio for each of the three years, Acid-test ratio Choose Numerator: Choose Denominator 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: Acid-Test Ratio Acid-test ratio to 1 to 1 to 1 + 6,30 40,34 HOVOU payau Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 80, 181 162,500 BO, 901 $ 435,197 84,563 69,792 162,500 162,500 64.069 42,656 $ 375,170 $ 315,800 (1-a) Compute the current ratio for each of the three years. (1-1) 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 1B Required 2A Required 2B Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio
