Simon Company's year-end balance sheets follow. Current Yr 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 $ 31,297 90,707 111, 766 9,877 286,805 $530, 452 $ 36,583 $ 36,247 63, 380 49,808 84,598 54,112 9,507 4,027 263,218 229,406 $ 457,286 $ 373,600 $ 132,083 $ 79,600 $ 48,822 99,725 162,500 136,144 $ 530,452 105, 176 82,566 162,500 162,500 110,010 79,712 $ 457,286 $ 373,600 (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. Choose Numerator: Current assets Current Ratio 1 Choose Denominator: Current liabilities 11 II Current Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Current ratio oto 1 oto 1 0.00 to 1 / I. Required 1A Required 1B > Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Required 1B Did the current ratio improve or worsen over the three year period? Current ratio Required 1A Required 1B Required 2A Required 2B Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio