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, sie par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 yrs ago $ 31,101 $36,729 $ 39,423 92,928 65,587 51,533 120,344 84,935 57.100 10,635 9,936 4,423 288,429 271,293 237 921 $ 543,437 $ 468,480 $ 390,400 $ 138,022 $ 79,173 $ 52,048 102, 166 107,750 83.690 162,500 162,500 162. Seo 140.749 119,057 92.162 $ 543,437 468,482 $390,400 (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 IA Required 1B Required 2A Required 28 Compute the current ratio for each of the three years. Current Ratio Choose Numerator: Choose Denominator: Current Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Current ratio to 1 to 1 to 1 Required 10 >