Reler to Simon Company's balance sheets in Exercise 17-6. (1) Compute the current ratio for each of the Exercise 17-7 direc years. Did the current ratio improve or worsen over the three-year period? (2) Compute the acid-test Analyzing liquidity rato for each of the years. Did the acid-test ratio improve or worsen over the three-year period? Round ratios to two decimals. Sinon Company's year-end balance sheets follow. (1) Express the balance sheets in common-size per- Exercise 17-6 Gente Round percents to one decimal. (2) Assuming annual sales have not changed in the last three years, Common-size percents hange in accounts receivable as a percentage of total assets favorable or unfavorable? (3) Is the P2