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 $ 26,547 78,495 96, 738 8, 635 244,075 $ 454, 490 $ 30, 717 $ 32, 641 53, 755 41, 408 74,658 45, 454 8, 310 3,592 224, 362 197, 005 $ 391, 802 $ 320,100 $ 115, 431 $ 67,539 $ 42, 253 85, 444 162,500 91, 115 $ 454, 490 91, 016 70, 742 162,500 162,500 70, 747 44,605 $ 391, 802 $ 320,100 (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. How Required 1A Required 1B Required 2A Required 28 Compute the current ratio for each of the three years. Choose Numerator: Current Ratio Choose Denominator: Current Ra Current ra 11 to Current Yr: 1 Yr Ago: 2 Yrs Ago: = = to 1 11 to Required 18 > year period 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 IA Required 18 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator: Current Yr: 1 Yr Ago: 2 Yrs Ago: Acid Test Ratio Acid-test ratio to 1 to 1 to 1 (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 Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio