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 $ 34,668 109,477 127,582 11,275 307, 768 $ 581,770 $ 41,326 $ 41,786 70,214 53,529 92,782 58,172 10,321 4,461 286,883 255,852 $ 581,526 $ 413,800 $ 144,861 $ 83,919 $ 54,275 107, 185 162, see 167, 224 $ 581, 770 115, 351 91,450 162,500 162, 5ee 139,765 105,775 $ 501, 526 $ 413,800 (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 18 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: 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 28 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 1 = Acid-test ratio + + Current Yr: 1 = to 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 18 Required 2A Required 28 Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio Required 2A Required 2B