Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below] Simon Compary's year-end balance sheets follow For both the current year and one yeat 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 peniod? (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. Exercise 13-7 (Algo) Analyzing liquidity LO P3 (1-o) Compute the current ratio for each of the three years (1-b) Did the current ratio improve or worsen over the three-year pernod? (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 theeyear 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-o) 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 answers in the tabs below. Did the current ratio improve or worsen over the three-year period? (1-a) Compute the current ratio for eoch of the thee years (1-b) Did the current rato improve or worben over the three yene petiod? (2-o) Compuse the acid-test rato for each of the three years. (2.b) Did the acid-test rebo improwe of worsen ovet the threeyear penod? Complete this question by entering your answers in the tabs below. Compute the acid test 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 acid-test ratio improve or worsen over the three-year period