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 $ 30,850 91,238 118, 156 10,239 283,071 $ 533,554 $ 36,061 $ 37,567 63,750 49,078 84,242 53, 340 9,852 4,132 266,055 239,183 $ 459,960 $ 383, 300 $ 136,841 $ 76,956 $ 50,596 100, 308 162,500 133,905 $ 533,554 104,733 83, 862 162,500 162,500 115,771 __86,342 $ 459,960 $ 383, 300 (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: I Choose Denominator: Current assets | / Current liabilities Current Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Current ratio 0 to 1 0 to 1 0 to 1 Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator: = Acid-Test Ratio Acid-test ratio 0 to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: 0 to 1 = 0 to 1 Required 1B Required 2B >