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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 $ 35,282 98, 247 124,787 11,139 316,814 $ 586,269 $ 40,028 $ 40,870 72,172 55,594 95, 370 60,990 10,613 4,587 287, 221 254,959 $ 505,404 $ 417,000 $ 143,061 $ 82,851 $ 53,943 112, 423 162,500 168,285 $ 586,269 113,918 90,314 162,500 162,500 146, 135 110, 243 $ 505,404 $ 417,000 (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 28 Compute the current ratio for each of the three years. Choose Numerator: Current assets Current Ratio Choose Denominator 7 Current liabilities $ $ . Current Yr: 1 Yr Ago: 2 Yrs Ago: 143,061 = 82.851 = 53,943 = Current Ratio Current ratio to 1 0.00 to 1 0.00 to 1 1 S TA 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 Did the current ratio improve or worsen over the three year period? Current ratio (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 IA Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator: Current Yr: 1 Yr Ago: 2 Yrs Ago: Acid-Test Ratio Acid-test ratio 0 to 1 0 to 1 oto 1 (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 acld-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 10 Required 2A Required 2B Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio