Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,507 86,702 109,012 9, 443 266, 347 $ 502,011 $ 33,929 59,376 81,663 9,179 248,621 $ 432,768 $ 36, 432 48,576 52, 256 4,008 226,728 $ 368,000 $ 127,501 94,378 162,500 117,632 $ 502,011 $ 72,406 97,546 163,500 99,316 $ 432,768 $ 48,090 79, 701 163,500 76, 709 $ 368,000 (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-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 Numerator: 1 Denominator: Current Ratio Current ratio / = 1 to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: 1 = to 1 1 to 1