Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 311 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 26,034 73,213 $ 29,829 $ 30,158 51,673 39,804 93,930 71,766 43,693 8,067 3,351 215,290 190,694 8,550 235,158 $ 436,885 $ 376,625 $ 307,700 $ 108,784 83,777 $ 64,923 $ 41,023 87,490 68,002 162,500 162,500 61,712 36,175 162,500 81,824 $ 436,885 $ 376,625 $ 307,700 (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? D Required 1A Required 18 Required 2A Required 2B Compute the current ratio for each of the three years. Current Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Choose Numerator Choose Denominator: IE Current Ratio Current ratio Required 1A Required 1B > to 1 to 1 to 1 Required 1A Required 1B Required 2A Required 2B Did the current ratio improve or worsen over the three-year period? Current ratio Required 1A Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Choose Numerator: + + Current Yr: + 1 Yr Ago: 2 Yrs Ago: + + + Acid-test ratio Choose Denominator: Acid-Test Ratio. Acid-test ratio to 1 to 1 to 1 Required 1A Required 1B Required 2A Required 2B Did the acid-test ratio improve or worsen over the three-year period? Acid-test ratio