Question 4 education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253 Saved erk i Exercise 13-7 Analyzing liquidity LO P3 Simon Company's year-end balance sheets follow. Current Yr 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 $ 29,616 87,552 107,921 9,442 267,429 $501,960 34, 272 $ 34, 313 61, 187 46,213 80,054 48,720 8,815 3,774 248, 396 217,080 $ 432,724 $ 350,100 $ 127,488 $ 74,593 $ 46,675 95, 312 162,500 116,660 $501,960 98,531 75,825 162,500 162,580 97,100 65,100 $ 432,724 $ 350,100 (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 Compute the current ratio for each of the three years. Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio o to 1 0 to 1 oto 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: 111111 Required 1B > (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 18 Required 2A Required 28 Compute the add-test ratio for each of the three years. Acidono Choose Numerator Choose Dorominator: + Current Yr: 1 Yr Ago: 2 Vrs Ago: - Acid. Tot Rato Acid tost ratio Oto 1 Oto 1 0101 . + Required 18 Required 26 >