Simon Company's year-end balance sheets follow. 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. Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $27,035 76,787 $ 31,601 54,195 $ 33,905 100,486 71,615 8,706 245,198 $ 458,212 $ 116,377 83,560 163,500 8,295 229,304 $395,010 $ 66,757 89,944 163,500 94,775 74,809 $ 458,212 $395,010 For both the current year and one year ago, compute the following ratios: 43,012 46,271 3,731 205,581 $332,500 $ 44,329 74,217 162,500 51,454 $ 332,500 (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? (2-0) Compute the quick ratio for each of the three years. (2-b) Did the quick ratio improve or worsen over the three-year period? (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? (2-8) Compute the quick ratio for each of the three years. (2-b) Did the quick 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 2B Compute the current ratio for each of the three years. Current Year: 1 Year Ago: 2 Years Ago: Numerator: Current Ratio Denominator: Current Ratio Current ratio to 1 to 1 to 1 Required 1B > (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? (2-0) Compute the quick ratio for each of the three years. (2-b) Did the quick 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 Did the current ratio improve or worsen over the three-year period? Current ratio (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? (2-0) Compute the quick ratio for each of the three years. (2-b) Did the quick 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 2B Compute the quick ratio for each of the three years. 4 Acid-teat ratio Numerator: Denominator: 1 Short-term investments + Acid-Test Ratio Acid-test ratio to 1 Current Year: 1 Year Ago: 2 Years Ago: . + to 1 + + " = to 1 (1-8) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three-year period? (2-0) Compute the quick ratio for each of the three years. (2-b) Did the quick 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 281 Did the quick ratio improve or worsen over the three-year period? Acid-test ratio