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Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Canh $ 26,074 $ 29,582 $ 31,126 Accounts receivable, net 74,089 53,337 Merchandise inventory 40.671 95,016 70,481 63.305 Prepaid expenses 7,985 7,687 3,389 Plant assets, net 230,104 212,420 195,909 Total assets $ 433,268 $ 373,507 $ 314,400 Liabilities and Equity Accounts payable $ 110,041 $ 61,860 $ 41,503 Long-term notes payable 82,269 87,625 67,98 Common stock, $10 par value 163,500 162,500 16),500 Retained earnings 77.458 61.522 42.001 Total liabilities and equity $ 433,268 $ 373, 507 $ 314,400 For both the current year and one year ago, compute the following ratios: Exercise 17-7 (Algo) Analyzing liquidity LO P3 (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? (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. (2-1) 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 1 Required 18 Required 2A Required 28 Compute the current ratio for each of the three years. Numerator: Current Ratio Denominator Current Ratio Current ratio Current Year: 1 Year Ago: 2 Years Ago to REA Required 18 > 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 Required 1A Required 18 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-testato Denominator Numerator Short-term investments Acid-Test Aide . - Current Year: 1 Year Ago: Years Ago Required 18 Required 28 Required 1A Required 18 Required 2A Required 28 Did the acid-test ratio improve or worsen over the three-year period? Acid-tost ratio