Required information Use the following information for the Exercises below. (Algo) [The followng information applies to the questions desplived below] Simon Compary's year ond balance sheets follow For both the current year and one year ago, compute the following ratios Exercise 13-7 (Algo) Analyzing liquidity LOP3 (1-a) Compute the current ratio for each of the three years (f-b) Did the curtent ratio improve or worsen ower the theee-year period? (2-a) Compute the acid test ratio for each of the three years (2.b) Did the acid-test ratio impeowe-or worsen over the three-yuar period? Complefe this guestion toy entering your answers in the tabs below. 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 woisen ovet the three-year period? Complete this question by entering your answers in the tabs below. Compute the acid-test ratio for each of the three years