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 $ 25,637 76,556 94,367 8,256 234,102 $ 438,918 $ 30,876 $ 30, 586 51,913 42,942 69,300 44,775 7,866 3,609 218,423 197,488 $ 378,378 $ 318,500 $ 110,383 $ 62,667 $ 40, 781 82,517 162,500 83,518 $ 438,918 85,286 8,277 162,500 162,500 67,925 46,942 $ 378,378 $ 318,500 (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: Total liabilities Current Ratio Choose Denominator: Total assets Current Yr: Yr Ago: 2 Yrs Ago: Current Ratio Current ratio Oto 1 0 to 1 NI 0 to 1 Required 1B