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Just need the two graphs done please Simon Company's year-end balance sheets follow. Current Yr $ 30,604 87,812 113,753 9,954 276,586 $518,709 1 yr Ago

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image text in transcribed Just need the two graphs done please
Simon Company's year-end balance sheets follow. Current Yr $ 30,604 87,812 113,753 9,954 276,586 $518,709 1 yr Ago 2 Yrs Ago $ 35,058 $ 38,382 61,351 48,194 83,552 54,518 9,297 4,140 257, 905 231,166 $ 447,163 $ 376,400 At December 31 Assets Cash Accounts receivable, not Merchandise inventory Prepaid expenses Plant assets, net Total asset 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 $ 76,326 $ 50,678 $ 130,450 98, 492 162,500 127,267 $ 518,709 101,819 82,353 162,500 162,500 106,518 30.869 $ 447,163 $ 376,400 (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? 3 (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. (2-6) Did the acid-test ratio improve or worsen over the three year period? 11.42 points Complete this question by entering your answers in the tabs below. Hint Required 1A Required 1B Required 2A Required 28 Print Compute the current ratio for each of the three years. Referoces Current Ratio Choose Numerator / Choose Denominator: Current assets Current liabilities / = Current Yr: 1 Yr Ago: 2 Yrs Ago: ### Current Ratio Current ratio O to 1 O to 1 0 to 1 Required 18 > CH > 10 407,103 3/0, 400 3 Total liabilities and equity 1142 points (4-a) Compute the current ratio for each of the three years. (1-6) Did the current ratio improve or worsen over the three year perlod? (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? ook Complete this question by entering your answers in the tabs below. Hequired IA Required 1 Required 2A equired 28 rences Compute the sold test ratio for each of the three years, Acid-test ratio Choose Numeratori Choose Denominatori Current Yr 1 Yr Ago 2 Yrs Ago - AcidTest Ratio Acid-test ratio oto 1 oto 1 oto 1 (Required 10 Required 28 >

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