Se Soved Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notos payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,830 94,079 117, 138 10,250 280,847 $ 534,144 $ 37,206 $ 38,361 62,532 50,652 86,039 52,352 9,960 4,055 264, 732 230.780 $ 460,469 $ 376,200 $ 135,662 $ 79,376 $ 50,652 103.432 162,500 132,550 $ 534,144 106,967 83,140 162,500 162,500 111, 626 79, 908 5 460,469 $ 376.200 (1-a) Compute the current ratio for each of the three years. (1-6) 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-) Did the acid-test ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. Required 1A Required 15 Required 2A Required 26 Compute the current ratio for each of the three years. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years. = Current Ratio Choose Numerator: Current assets 11 Current ratio Current Ratio Choose Denominator: 1 Current liabilities $ $ 1 $ Current Yr: to 1 135,662) = 79,376 50,652 = 1 Yr Ago: 2 Yrs Ago: 11 0.00 to 1 0.00 to 1 Required 1A Required 1B > Prey 1 of 9 Next > 17-8, Exercise 17-10 and Exercise... Saved Help Save tal liabilities and equity $ 534,144 $ 450, 469 $ 376,200 Compute the current ratio for each of the three years. ) Did the current ratio Improve or worsen over the three year period? a) Compute the acid-test ratio for each of the three years. 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. Required 1A Required 18 Required 2A Required 28 Compute the acid-test ratio for each pf the three years. Acid-test ratio Choone Numurator Choose Denominator: 1 - Add-Tast Ratta Acid-lest ratio Oto 1 Otot Oto 1 Current Yr: 1 Ye Ago: 2 Yrs Ago: ### 1 1 Prsey 1 of 9 13 Next >