Current Yr 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 $ 34,160 103,089 130,898 11,228 317,515 $ 596, 890 1 Yr Ago 2 Yrs Ago $ 42,400 $ 41,602 74,200 56,036 92,338 62, 107 10,698 4,575 294,924 264, 480 $ 514,560 $ 428,800 $ 153, 084 $ 84,352 $ 55, 470 114, 460 162,500 166,846 $ 596,898 118,349 94,765 162,500 162,500 149,359 116,065 $ 514,560 $ 428,800 (1-a) Compute the current ratio for each of the three years. (1-6) 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 15 Required 2A Required 2B Compute the current ratio for each of the three years. Current Ratio 1 Choose Denominator: 0 Choose Numerator: = Current Ratio Current ratio 0 to 1 0 to 1 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: ### 0 to 1