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Current Yz 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, det Merchandise inventory Prepaid expenses Plant assets, net Total assets

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Current Yz 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, det 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 $ 25,930 72,175 94,489 8,102 234,436 $ 435, 132 $ 30,309 $ 30,641 51,991 40, 445 71,478 44,388 7,877 3,507 213,459 190,519 $ 375,114 $ 309,500 $ 110,515 $ 63,394 $ 40,037 83, 441 162,500 78,676 $ 435,132 85,413 69,083 162,500 162,500 63,807 37,880 $ 375,114 $ 309,500 (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 1B Required 2A Required 2B Did the current ratio improve or worsen over the three year period? Current ratio erm Solvency Saved Help Save & Current Ye 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 $ 25,930 72,175 94,489 8,102 234,436 $ 435,132 $ 30,309 $ 30,641 51,991 40,445 71, 478 44,388 7,877 3,507 213,459 190,519 $ 375,114 $ 309,500 $ 110,515 83, 441 162,500 78,676 $ 435,132 $ 63,394 $ 40,037 85,413 69,083 162,500 162,500 63,807 37.880 $ 375,114 $ 309,500 (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. (2-6) Did the acid-test ratio improve or worsen over the three year perlod? Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: 1 Choose Denominator: 1 1 + Current Yr: 1 Yr Ago: 2 Yrs Ago: #### = Acid-Test Ratio Acid-test ratio to 1 to 1 to 1

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