Simon Company's year-e balance 5 2 Current Y Y 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 notes payable secured mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 25,219 74.569 90,043 8.450 233,477 $ 431,758 $ 29,776 $ 29,795 53, 15140, 132 70,235 43,608 8.051 3.479 210,992 190,086 $ 372,205 $ 307,100 $ 106,433 $ 61,016 $ 40,943 81,982 162,500 80,843 $ 431,758 83,039 65,833 162,500 162,500 65.650 37.824 $ 372,205 $ 307,100 (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. Required 1A Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio = Acid-Test Ratio Choose Numerator: Short-term investments Choose Denominator Current liabilities Cash Current receivables 1 of 1 !!! Next Help Save & E Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return 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? Answer is not complete. . Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Denominator: Choose Numerator: Short-term investments Acid-Test Ratio Acid-test Current Cash Current lates receivables + . $ Yr Current Current 1 Yr Ago: 2 Yrs Ago: 25.219 29,776 106.433 61,016 40,943 - 29,795