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 $ 28, 369 83,036 103,379 8,955 252,333 $ 476,072 $ 32,176 $ 32,531 57,457 45, 145 75,925 48,089 8,619 3,799 236, 230 205,736 $ 410,407 $ 335,300 $ 120,913 $ 67,278 $ 42,932 91, 292 162,500 101, 367 $ 476,072 92,506 162,500 88,123 $ 410,407 71,878 162,500 57,990 335, 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 1 Choose Denominator: Choose Numerator: Current Ratio Current ratio to 1 Current Yr: / III 1 Yr Ago: to 1 1 1 2 Yrs Ago: to 1 Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Did the current ratio improve or worsen over the three year period? Current ratio 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: 1 Choose Denominator: = Acid-Test Ratio Acid-test ratio to 1 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: ++ + + + = to 1 + to 1 Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio