Simon Company's year-end balance sheets follow. Current Y 1 Yr Ago 2 Yrs Ago 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 $ 26,426 78,108 94,392 8,510 236,030 $ 443,466 $ 29,972 $ 32,177 52,451 42,053 71,432 45,239 7,787 3,540 220,656 198,791 5 382,298 5 321,880 $ 113,736 $ 62,670 $ 42,053 85,039 162,500 82,191 $ 443,466 8 5,291 70,407 162,500 162,500 71,837 46,840 5 382,298 $ 321,800 (1-0) 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 Numeratori Choose Denominator: Current assets 1 Current liabilities 1 - = = Current Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Current ratio 0 to 1 Oto 1 0 to 1 =