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 $ 35,199 103,060 130,887 11,567 328,062 $ 608,775 $ 42,494 $ 42,456 73,473 57,168 97,089 62,102 11,921 4,624 300,819 258,250 $ 524,806 $ 424,600 $ 150,069 $ 86,918 $ 56,608 112,161 162,500 184,545 $ 608,775 129,705 92,898 162,500 162,500 154,683 112,594 $ 524,886 $ 424,600 (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 | Choose Denominator: Choose Numerator: = 11 Current Ratio Current ratio to 1 = Current Yr: 1 Yr Ago: 2 Yrs Ago 11 to 1 to 1 Required 1B > 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 bet Required LA Feed 28 Comote the adio-test ratio for sach of the three years Choose Numero Choone Denominador EY 1 Yr Age 2 Yrs Ago -LUMI. UCHWYP Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A h Required 2B Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio