Please answer the following question Simon Companys year end balance sheets follow At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 31,573 $ 38,036 $ 38,067 Accounts receivable, net 91,509 63,927 50,756 Merchandise inventory 119,751 87,087 55,153 Prepaid expenses 10,375 9,886 4,187 Plant assets, net 292,852 271,805 240,237 Total assets $ 546,060 $ 470,741 $ 388,400 Liabilities and Equity Accounts payable $ 133,250 $ 77,964 $ 50,243 Long term notes payable secured by mortgages on plant assets 104,712 106,105 87,553 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 145,598 124,172 88,104 Total liabilities and equity $ 546,060 $ 470,741 $ 388,400 (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 Options for the 1st row Cash Cost of goods sold Current assets Current liabilities Net sales Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years Current Ratio Choose Numerator 1 Choose Denominator Current Ratio Current ratio Current Yr to 1 1 to 1 1 Yr Ago 2 Yrs Ago to 1 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 Improved Worsened Complete this question by entering your answers in the tabs below Required 1A Required 1B Required 2A Required 2B Compute the acid test ratio for each of the three years Acid test ratio Choose Numerator Choose Denominator Acid Test Ratio Acid test ratio Current Yr to 1 1 1 Yr Ago 2 Yrs Ago to 1 to 1 Complete this question by entering your answers in the Required 1A Required 1B Required 2A Required 2B Did the acid test ratio improve or worsen over the three year p Acid test ratio

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Please answer the following question Simon Companys year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $

Please answer the following question

Simon Companys year-end balance sheets follow.

At December 31	Current Yr			1 Yr Ago		2 Yrs Ago
Assets
Cash		$	31,573	$	38,036	$	38,067
Accounts receivable, net			91,509		63,927		50,756
Merchandise inventory			119,751		87,087		55,153
Prepaid expenses			10,375		9,886		4,187
Plant assets, net			292,852		271,805		240,237
Total assets		$	546,060	$	470,741	$	388,400
Liabilities and Equity
Accounts payable		$	133,250	$	77,964	$	50,243
Long-term notes payable secured by mortgages on plant assets			104,712		106,105		87,553
Common stock, $10 par value			162,500		162,500		162,500
Retained earnings			145,598		124,172		88,104
Total liabilities and equity		$	546,060	$	470,741	$	388,400

(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?

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image text in transcribed Options for the 1st row

Cash
Cost of goods sold
Current assets
Current liabilities
Net sales

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Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years. Current Ratio Choose Numerator: 1 Choose Denominator: Current Ratio / Current ratio Current Yr: to 1 1 to 1 1 Yr Ago: 2 Yrs Ago: to 1 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 Improved Worsened Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator: = Acid-Test Ratio + Acid-test ratio Current Yr: + + to 1 + + 1 / / 1 Yr Ago: 2 Yrs Ago: to 1 + + to 1 Complete this question by entering your answers in the Required 1A Required 1B Required 2A Required 2B Did the acid-test ratio improve or worsen over the three year p Acid-test ratio