Required information Use the following information for the Exercises below. (Aigo) [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow: For both the current yeat and one year ago, compute the following ratios: Exercise 17-7 (Algo) Analyzing liquidity LO P3 (1-a) Compute the current ratio for each of the three years (1.b) Did the current ratio improve or worsen over the three-yeat 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. Compute the current ratio for each of the three years. (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 quejtion by entering your answers in the tabs below. Did the current ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs belew. Compute the adid-tnst ratio for each of the three y (f-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-o) 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 anspers in the tabs below. Did the add-tent ratio improve of worsen over the three-year period