Simon Companys year-end balance sheets follow.

At December 31	Current Yr				1 Yr Ago			2 Yrs Ago
Assets
Cash		$	28,186		$	33,273		$	34,649
Accounts receivable, net			83,310			56,516			45,751
Merchandise inventory			103,729			74,681			48,252
Prepaid expenses			9,077			8,734			3,813
Plant assets, net			248,700			234,556			207,335
Total assets		$	473,002		$	407,760		$	339,800
Liabilities and Equity
Accounts payable		$	117,777		$	67,533		$	43,957
Long-term notes payable secured by mortgages on plant assets			90,703			93,785			75,096
Common stock, $10 par value			162,500			162,500			162,500
Retained earnings			102,022			83,942			58,247
Total liabilities and equity		$	473,002		$	407,760		$	339,800

1) Compute the current ratio for each of the three years:

Current Ratio
	Choose Numerator:	/	Choose Denominator:	=	Current Ratio
	Net sales	/	Net sales	=	Current ratio
Current Yr:		/		=	0	to 1
1 Yr Ago:		/		=	0	to 1
2 Yrs Ago:		/		=	0	to 1

2)

Compute the acid-test ratio for each of the three years.

Acid-test ratio
	Choose Numerator:					/	Choose Denominator:	=	Acid-Test Ratio
	Cash	+	Current assets	+		/		=	Acid-test ratio
Current Yr:		+		+		/		=	0	to 1
1 Yr Ago:		+		+		/		=	0	to 1
2 Yrs Ago:		+		+		/		=	0	to 1