Pt2:

Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: (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. Compute the current ratio for each of the three years. Did the current ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Compute the acid-test ratio for each of the three years. Complete this question by entering your answers in the tabs below. Did the acid-test ratio improve or worsen over the three-year period