Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: Exercise 13-7 (Algo) Analyzing liquidity LO P3 Exercise 13-7 (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-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. Exercise 13-7 (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-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? Exercise 13-7 (Algo) Analyzing liquidity LO P3 (T-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 acld-tost ratio for each of the three years. (2.b) Did the acid-test ratio improve or worsen over the three-year period? Complete this questien by entering your anawers in the tabs below. Compote the acid-test ratio for each of the three years. Exercise 13-7 (Aigo) Analyzing liquidity LO P3 (T.a) Compute the cuntent ratio for each of the three years: (1.b) Did the current rate improve or worsen over the three-year peniod? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improwe of worsen aver the three-year period? Complete this question by eatering your answers in the tabs below. Did the acid-test ratio imarove or worsen over the three year peried