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 Current Year 1 Year Ago 2 Years Ago $ 33,350 58,362 $ 27,954 83,525 107,118 9,466 260,390 78,679 8,754 241,935 $ 421,080 $ 35,086 46,782 50,824 3,821 214,387 $ 350,900 Total assets Liabilities and Equity Accounts payable $ 488,453 $ 120,409 Long-term notes payable 90,911 Common stock, $10 par value Retained earnings Total liabilities and equity 163,500 113,633 $ 73,297 93,943 163,500 90,340 $ 488,453 $ 421,080 For both the current year and one year ago, compute the following ratios: $ 46,782 79,100 162,500 62,518 $ 350,900 (1-a) Compute the current ratio for each of the three years.