Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 158,970 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 632,113 Current Year 1 Year Ago 2 Years Ago $ 36,922 $ 44,030 76,290 $ 44,075 98,795 109,172 138,622 12,250 335,147 $ 632,113 120,026 162,500 190,617 11,329 314,481 $ 544,925 162,500 164,412 58,179 61,954 4,799 276,193 $ 445,200 $ 58,179 98,389 163,500 125,132 $ 445,200 $ 93,934 124,079 $ 544,925 For both the current year and one year ago, compute the following ratios: Compute the acid-test ratio for each of the three years. Current Year: 1 Year Ago: 2 Years Ago: Numerator: + Short-term investments + + + Acid-test ratio 1 Denominator: = Acid-Test Ratio + + Acid-test ratio 0 to 1 0 to 1 = 0 to 1