Simon Company's year-end balance sheets follow. Current Yr 1 Ye 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 $ 24,875 73,522 91,543 8,090 219,403 $417,433 $ 28,2135 30,294 50,380 41,684 65,242 43,452 7,633 3,433 208,388 187,217 $ 359,856 $ 306,000 $ 104,980 $ 60,208 $ 41,200 80,047 162,500 69,906 $ 417,433 81,112 66,950 162,500 162,500 56,036 35, 350 $ 359,856 $ 306,000 (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 28 (1-1) Did the current ratio improve or worsen over the three year period? (2-0) 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 28 Compute the current ratio for each of the three years. Current Ratio 1 Choose Denominator: Choose Numerator: Current Ratio Current ratio to 1 1 Current Yr: 1 Yr Ago: 2 Yrs Ago to 1 to 1 Required 1A Required 1B > (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 perlod? Complete this question by entering your answers in the tabs below. Required 1A Required 15 Required 2A Required 28 Did the current ratio improve or worsen over the three year period? Current ratio (1-1) 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 perlod? Complete this question by entering your answers in the tabs below. Required 11 Required 10 Required 2A Required 26 Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator Choose Denominator: Acid-Test Ratio Acid-test rabo 101 Current Yr 1 Yr Ago 2 Yrs Ago 101 . to 1 (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? (2-0) 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 Regured 13 Required 2A Required 20 Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio
