Required Information [The following information applles to the questions displayed below.] Slmon Company's year-end balance sheets follow. For both the current year and one year ago, compute the 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 acld-test ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. For both the current year and one year ago, compute the 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 perlod? (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 perlod? Complete this question by entering your answers in the tabs below. Compute the current ratio for each of the three years. For both the current year and one year ago, compute the 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? Complete this question by entering your answers in the tabs below. Did the current ratio improve or worsen over the three-year period? For both the current year and one year ago, compute the 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 perlod? Complete this question by entering your answers in the tabs below. Compute the acid-test ratio for each of the three years. For both the current year and one year ago, compute the 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? Complete this question by entering your answers in the tabs below. Did the acid-test ratio improve or worsen over the threa-year period? Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected. (1-b) Determine if days' soles uncollected lmproved or worsened in the current yeak, (2-a) Compute accounts receivable turnover (2-b) Determine if accounts recelvable tumover ratio improved or worsened in the current year, (3-a) Compute inventory turnover. (3-b) Determine if Inventory tumover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory, (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute days' sales uncollected. (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts recelvable turnover. (2-b) Determine if accounts recelvable tumover ratio improved or worsened in the current year. (3-a) Compute Inventory turnover. (3-b) Determine if inventory tumover ratio improved or worsened in the current year. (4-a) Compute days' sales In inventory. (4-b) For each ratio, determine If days' sales in Inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Determine if days' sales uncollected improved or wornened in the current year. (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year, (2-a) Compute accounts recelvable turnover. (2-b) Determine if accounts recelvable turnover ratio improved or worsened in the current year. (3-a) Compute Inventory turnover. (3-b) Determine If inventory tumover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine If days' sales in inventory Improved or worsened in the curtent year. Complete this question by entering your answers In the tabs below. Compute accounts receivable turnover: (1-a) Compute days' sales uncollected. (4-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts recelvable tumover. (2-b) Determine if accounts recelvable tumover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if Inventory tumover ratio improved or worsened in the current year. (4-a) Compute days' sales In Inventory. (4-b) For each ratlo, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Determine if accounts recelvable turnover ratio improved or worsened in the current year. (1-a) Compute days' sales uncollected. (1-b) Determine If days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts recelvable turnover. (2-b) Determine If accounts recelvable tumover ratio improved or worsened in the current year. (3-a) Compute Inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in Inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute inventory turnover. (1-a) Compute days' sales uncollected. (1-b) Determine If days' sales uncollected improved or worsened In the current year. (2-a) Compute accounts recelvable turnover. (2-b) Determine if accounts recelvable tumover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if Inventory tumover ratio improved or worsened in the current year. (4a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete thls question by entering your answers in the tabs below. Determine if inventory tumover ratio improved or worsened in the current year. (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts recelvable turnover. (2-b) Determine if accounts recelvable tumover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory tumover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine If days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute days' sales in inventory. (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts recelvable turnover. (2-b) Determine If accounts recelvable tumover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine If Inventory tumover ratio Improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine If days' sales in Inventory improved or worsened in the current year. Complete thls questlon by entering your answers in the tabs below. For each ratio, determine if days' sales in inventory improved or worsened in the current year