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 (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. For both the curtent year and one year ago, compute the following ratios. Exercise 137 (Algo) Analyzing liquidity LO P3 (1-o) Compute the cuirent rabo for each of the three years. (1-b) Oid the current atio improve or warsen over the theeyear peilod? (2-a) Compite the ucid test ratio for each of the three years. (2.b) Did the acid test ratio inprove or worsen over the three-year peniod? Complote this question by entering your answers in the tabs below. Compuce the current ratio for each of the three years. For both the current year and one year ago, compute the following tatios, Exercise 13-7 (Algo) Analyzing liquidity LO P3 (1-o) Compute the current ratio for each of the three years. (1-b) Did the cuirent ratio improve or worsen cwer the threeverar period? (2-a) Compote the acid test ratio for each of the three years (2.b) Did the acid test ratio improve or worsen over the threeyear period? Complete this question by entering your aaswers in the tabs below. bid the currect noto imgrove or westen ever the thine yes penod? or both the current year and one year ago, compute the following ratios: ise 13-7 (Algo) Analyzing liquidity LO P3 Jompute the current ratio for each of the three years. Did the current ratio improve or worsen over the three-year period? Compute the acid-test ratio for each of the three years Did the acid-testratio improve or worsen over the three-year period? omplete this question by entering your answers in the tabs below. ompute the acid-test ratio for each of the three years. For both the current year and one year ogg, compite the following tatios: Exercise 13-7 (Algo) Anolyzing liquidity LO P3 (A.e) Compute the current ratio for each of the three yearn. (h-b) Did the curtent ravio improve or worsen over the theseyear pee iod? (2.a) Compute the acidtent ratio for each of the thee years. (2-b) Did the acidestratio mprove of worsen over the three-year penod? Complete this question by entering your answers in the tabs below. Pid the aciditest 1 utid improve or worpes over the thr en yape perlod