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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 30,652 88,839 $ 35,127 $ 36,956 61,472 48,787 111,698 78,794 51,434 9,677 9,036 4,066 268,473 254,656 228,357 $ 509,339 $ 439,085 $ 369,600 $ 75,689 $ 47,324 $ 130,630 94,798 162,500 121,411 $ 509,339 103,009 162,500 97,887 83,315 162,500 76,461 $439,085 $ 369,600 (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 current ratio for each of the three years. Current Yr: 1 Yr Ago: 2 Yrs Ago: Choose Numerator: Current Ratio Choose Denominator: = Current Ratio Current ratio to 1 to 1 to 1 < Required 1A Required 1B >