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

$\backslash$table$[[$At December $31,$Current Year,$1$ Year Ago $2,$Years Ago$],[$Assets$,,,],[$Cash$,$$ $34,011,$$ $41,379,43,543],[$Accounts receivable, net,$102,598,70,993,57,488],[$Merchandise inventory,$126,469,93,812,62,455],[$Prepaid expenses,$11,176,10,542,4,885],[$Plant assets, net,$313,972,290,365,262,829],[$Total assets,$ $588,226,$$ $507,091,$$ $431,200],[$Liabilities and Equity,,,$],[$Accounts payable,$ $145,004,$$ $86,555,$$ $58,626],[$Long$-$term notes payable,$112,798,120,130,93,389],[$Common stock, $$10$ par value,$162,500,163,500,162,500],[$Retained earnings,$167,924,136,906,116,685],[$Total liabilities and equity,$ $588,226,$$ $507,091,$$ $431,200]]$

For both the current year and one year ago, compute the following ratios:

ercise $13-7($Algo$)$ Analyzing liquidity LO P$3$

Compute 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$-$test ratio improve or worsen over the three$-$year period?

omplete this question by entering your answers in the tabs below.

uired $1$ A

Required $1B$

Required $2$A

Required $2$B

pute the current ratio for each of the three years.

$\backslash$table$[[,$Current Ratio$],[,$Numerator:,$1,$Denominator:,$=,$Current Ratio$],[,,1,,=,$Current ratio$],[$Year:$,,1,,=,$to $1],[$Ago:$,,1,,=,$to $1],[$Ago:$,,1,,=,$to $1]]$