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 $ 26,812 76,917 101,694 8,811 249,485 $ 463,719 $ 31,981 $ 32,657 54,847 42,249 75,434 45,450 8,227 3,521 229,269 202,723 $ 399,758 $ 326,600 $ 116,621 $ 67,559 $ 43,111 87,179 162,500 97,419 $ 463,719 99,185 70,735 162,500 162,500 79,594 50,254 $ 399,758 5 326,600 (1-0) Compute the current ratio for each of the three years. (1-by 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-by Did the acid-test ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. 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 $ 2 Current Ratio Choose Denominator: Current liabilities $ Current Yr: 1 Yr Ago: 2 Yrs Ago: - = 116.621 = 67.559 = 43.111 = Current Ratio Current ratio 0.00 to 1 0.00 to 1 0.00 to 1 Required 1B > Check (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' Required 2B Compute the add-test ratio for each of the three years. Acid-test ratio Choose Numerator: 1 Choose Denominator: Acid Test Ratio Acid-test ratio Current Yr oto 1 Oto 1 1 Yr Ago: 2 Yrs Ago: 0 to 1 Next