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Simon Company's year - end balance sheets follow. ( 1 - a ) Compute the current ratio for each of the three years. ( 1

Simon Company's year-end balance sheets follow.
(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.
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