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Simon Company's year-end balance sheets follow At December 31 Cash Accounts receivable, het Merchandise inventory Plant assets, net Total assets Libilities and Equity $435.000 Long-tere

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Simon Company's year-end balance sheets follow At December 31 Cash Accounts receivable, het Merchandise inventory Plant assets, net Total assets Libilities and Equity $435.000 Long-tere notes payable secured Common stock, $10 par value Retained earnings Total liabilities and equity 11-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 acid-test ratio for each of the three years 12-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 10 Required 2A Required 28 Compute the add-test ratio for each of the three years Acid.testato Choose Nutor Short-term investments Choose Denominator Current Ye: 1 Yr Aga: ESTAS T Required 18 Required 21 >

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