Simon Company's year-end balance sheets follow.

At December 31	Current Year	1 Year Ago	2 Years Ago
Assets
Cash	$ 25,795	$ 29,549	$ 32,056
Accounts receivable, net	74,015	51,183	42,742
Merchandise inventory	93,060	71,122	46,439
Prepaid expenses	8,141	7,757	3,491
Plant assets, net	236,196	217,292	199,072
Total assets	$ 437,207	$ 376,903	$ 323,800
Liabilities and Equity
Accounts payable	$ 111,042	$ 64,334	$ 41,459
Long-term notes payable	80,551	89,288	72,991
Common stock, $10 par value	163,500	163,500	162,500
Retained earnings	82,114	59,781	46,850
Total liabilities and equity	$ 437,207	$ 376,903	$ 323,800

For both the current year and one year ago, compute the following ratios:

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

Acid-test ratio
	Numerator:					/	Denominator:	=	Acid-Test Ratio
		+	Short-term investments	+		/	Current liabilities	=	Acid-test ratio
Current Year:		+		+		/	$111,042	=		to 1
1 Year Ago:		+		+		/	$64,334	=		to 1
2 Years Ago:		+		+		/	$41,459	=		to 1