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 $ 32, 143 $ 37,572 $ 39,138 93,161 69,106 54,846 123, 108 86,886 56,137 10,668 10,165 4,571 296,837 275,510 248,708 $ 555, 917 $ 479,239 $ 403,400 $ 135,655 106,603 162,500 151, 159 $ 555,917 $ 81,801 $ 52,716 106,918 90,043 162,500 162,500 128,020 98,141 $ 479,239 $ 403,400 (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 1A Required 18 Required 2A Required 2B Compute the current ratio for each of the three years. Current Ratio Choose Denominator: Choose Numerator: 1 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Current ratio to 1 to 1 to 1 = IN Required 10 > 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 18 Required 2A Required 28 Did the current ratio improve or worsen over the three year period? Current ratio untee 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 18 Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator Acid-Test Ratio Acid-contrato 001 to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: 1 1 to 1 al 12 F Next > r periodr (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 18 Required 2A Required Did the acid-test ratio improve or worsen over the three year perlod? Acid-test ratio