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 $ 34,442 97,805 124, 239 10,979 322, 186 $ 589,651 $ 40,666 $ 41,936 69, 742 57,034 94,980 59,550 10,568 4,753 292,364 260,327 $ 508,320 $ 423,600 $ 142, 418 $ 84, 188 $ 55,915 111,963 162,500 172,770 $ 589,651 114,575 96,424 162,500 162,500 147,057 108,761 $ 508,320 $ 423,600 (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. Current Ratio Choose Numerator: Choose Denominator: 1 II = Current Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Current ratio to 1 to 1 to 1 = Required 1A Required 1B >