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 $ 35, 379 102,538 130, 199 11,055 314,530 $ 593,701 $ 42,173 $ 43,530 71,654 58,040 97,526 64,311 10,856 4,788 289,602 269,031 $ 511, 811 $ 439,700 $ 144,875 $ 84,766 $ 58,040 112,732 162,500 173,594 $ 593,701 116,539 97,174 162,500 162,500 148,006 121,986 $ 511,811 $ 439,700 (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: Current Ratio 1 Choose Denominator: / Total assets Current Ratio Total liabilities Current ratio Current Yr: / = to 1 1 to 1 1 Yr Ago: 2 Yrs Ago: -- / 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 + + / II Acid-test ratio Current Yr: + + / II oto 1 + + / = 0 to 1 1 Yr Ago: 2 Yrs Ago: + + / = 0 to 1