Simon Companys year-end balance sheets follow.

At December 31	Current Yr				1 Yr Ago			2 Yrs Ago
Assets
Cash		$	33,357		$	37,845		$	38,273
Accounts receivable, net			93,836			68,235			50,011
Merchandise inventory			117,981			90,168			53,250
Prepaid expenses			10,532			10,035			4,253
Plant assets, net			298,586			271,555			240,813
Total assets		$	554,292		$	477,838		$	386,600
Liabilities and Equity
Accounts payable		$	136,639		$	81,562		$	51,031
Long-term notes payable secured by mortgages on plant assets			105,249			107,705			87,147
Common stock, $10 par value			162,500			162,500			162,500
Retained earnings			149,904			126,071			85,922
Total liabilities and equity		$	554,292		$	477,838		$	386,600

(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 Ratio Choose Numerator: Choose Denominator: / Il Current Ratio Current ratio Il Il to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: to 1 to 1 = Required 1A Required 1B Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Did the current ratio improve or worsen over the three year period? Current ratio Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: 1 Choose Denominator: 1 1 = Acid-Test Ratio Acid-test ratio to 1 + Current Yr: 1 Yr Ago: 2 Yrs Ago: + to 1 + + = to 1 Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio