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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,676 79,681 99,192 9,029 246,781 $ 461, 359 $ 31,181 $33,482 54,568 45,089 73,579 48,505 8,185 3,683 230,210 207,441 $ 397,723 $ 338,200 $ 113, 730 85,001 163,500 99,128 $ 461,359 $ 65,871 $ 45,089 94,221 73,247 162,500 162,500 75, 131 57,364 $ 397,723 $ 338,200 7-a) Compute the current ratio for each of the three years. 1-6) 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 Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Current ratio to 1 to 1 to 1 1 Required a Required 1B >