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Simon Company's year-end balance sheets follow At December 31 Agneta Caen Accounts receivable, net Mechandise inventory Prepaid expenses Plant ausata, net Total areta Liabilities and

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Simon Company's year-end balance sheets follow At December 31 Agneta Caen Accounts receivable, net Mechandise inventory Prepaid expenses Plant ausata, net Total areta Liabilities and Equity Accounts payable Long-term notar payable secured by Mortgages on piant asseta Common stock, 510 par valve Retained earning Tetai Isabilities and equity Current YR @ 30,542 3446 119,227 9.643 267,324 507.00 1 MY Aga 5 24,673 8 35, 416 0,065 47,222 81.801 49,290 9.469 2, 974 251,7 210 293 5437.291 5354,200 5123.923 18,30 162.5DD 122,077 8502, 830 74, 727 845.352 101,699 79,061 162,500 162,500 98. DES 62202 5417, 791 354,203 (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 scid-est ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. Required 1A Required 10 Required 24 Requires 28 Compute the current ratio for each of the three years Current Ratio Chooto Numerator Choose Denominator Current Yr: 1 yr ago 2 Yrs Ago Current Ratio Currenti 0001 0001 9001 HA Required 18 > Current Simon Company's year-end bolonce sheets follow At December 31 kete caan Accounts receivable, net Mechandise Inventory Prepaid expand plant asete, nat Total Quote Liabilities and equity Recounts payable Lang-te notea payable secured by etgages on piant annet Commen aterk, $10 par value Retained ning Total isabilities and equity $ 20,562 89,446 110,277 5,64 262904 6507,830 3Xr Ago 2 YER AGO $ 14,623 6 33, 416 60,063 47.222 81.801 49,290 9.49 3.974 231, 23 213,290 $437.391 5 354,200 6123.923 6 74,727 643.252 98,338 162.500 123,072 5507.833 101.699 75.063 162.500 162,500 98,BES 67,287 5937,751 5254,200 (1-a) Compute the current ratio for each of the three years. (1-1) 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-west ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. RIA Redres 18 Required 24 Rovired 28 Compute the sod-test ratio for each of the three years Adidatestato Choose Numerator Choou Denominator At-Tot Ratio Achtest ratio 0001 o to Current Yr: 14 Ago: 2 Yrs Ago: +++ +++ 2 01001

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