Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 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 $ 34,540 103,140 129,679 11,011 312,960 $ 591,330 $ 40,781 $ 42, 472 69,226 54,964 93, 364 59,128 10,812 4,673 295,584 259, 363 $ 509,767 $ 420,600 $ 147,241 111,170 162,500 170,419 $ 591,330 $ 86,151 $ 53,854 118,419 95, 741 162,500 163,500 142,697 107,505 $ 509,767 $ 420,600 (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? (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? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years. Il Current Ratio 11 Current ratio Current Ratio Choose Numerator: 7 Choose Denominator: 1 7 1 1 11 Current Yr: 1 Yr Ago: 2 Yrs Ago: to 1 to 1 to 1 11 Complete this question by entering your answers in the tabs below. Required 2B Required 1A Required 1B Required 2A Did the current ratio improve or worsen over the three-year period? Current ratio Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator Current Yr: 1 Yr Ago: 2 Yrs Ago: 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