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Simon Company's year$-$end balance sheets follow.

$\backslash$table$[[$At December $31,$Current Year,$1$ Year Ago,$2$ Years Ago$],[$Assets$],[$Cash$,$$ $35,140,$$ $39,843,,$$ $44,106],[$Accounts receivable, net,$100,827,71,882,,59,972],[$Merchandise inventory,$129,332,93,087,,62,010],[$Prepaid expenses,$10,977,10,567,,4,901],[$Plant assets, net,$319,314,298,061,,270,111],[$Total assets,$ $595,590,$$ $513,440,,441,100],[$Liabilities and Equity,,,,$],[$Accounts payable,$ $143,853,$$ $88,507,,$$ $59,972],[$Long$-$term notes payable,$111,971,120,453,,98,458],[$Common stock, $$10$ par value,$163,500,163,500,,163,500],[$Retained earnings,$176,266,140,980,,119,170],[$Total liabilities and equity,$ $595,590,$$ $513,440,$$$4,441,100]]$

For both the current year and one year ago, compute 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?

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$10$ of $11$

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Compute the current ratio for each of the three years.

Did the current ratio improve or worsen over the three$-$year period?

Compute the acid$-$test ratio for each of the three years.

Did the acid$-$test ratio improve or worsen over the three$-$year period?

Somplete this question by entering your answers in the tabs below.

equired $1$ A

Required $1$B

Required $2A$

Required $2$B

ompute the acid$-$test ratio for each of the three years.