Simon Company's year-end balance sheets follow. Current Ye At December 31 Assets Cash Mocounts receivable, net Merchandise inventory Prepaid expenses Plant annets, bet Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Connon stock, $10 par value Retained earnings Total Ilabilities and equity $ 29,607 84,943 111,159 9,727 271,467 $ 506,083 1 Ye Ago 2 yrs ago $ 35,307 35,696 61,787 47,595 79,222 49,173 9.452 3,00 251,200 220,648 $636.968 6 357,000 $ 123,690 $ 73,109 $ 47,595 94.341 99.498 79,686 162,500 162,500 162.500 126,352 101,861 67,219 #506,083 5.436,968 $ 357.000 (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, (2-6) 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 18 Required 2A Required 26 + (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. Chook Required 1A Required 1B Required 2A Required 28 rences Compute the current ratio for each of the three years Choose Numerator: Current assets Current Ratio Choose Denominator Current abilities - Current Ratio Current ratio 0 to 1 oto 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: $ 197,300 oto 1 Required 13 >