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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
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 $ 25,646 76,606 94, 410 8,512 238,380 $ 443,554 $ 30,284 $ 33,497 54,603 42,061 69,324 45,714 7,950 3,541 220, 213 203,687 $ 382,374 $ 328,500 $ 107,132 $ 64,621 $ 43,362 84,222 162,500 89,700 $ 443,554 87,946 71,147 162,5ee 162,500 67 307 51, 491 $ 382,374 $ 328, 5ee (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? (Ha) Compute the current ratio for each of the three years. (1-5) 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. (2-5) 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: Choose Denominator: Current Ratio Current ratio Current Yr 1 Yr Ago: 2 Yrs Ago: Required 18 ) 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 Improved Worsened Required 1A Required 18 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator Acid Test Ratio 1 Acid-test ratio Current Yr 1 Yr Agos 2 Yrs Ago Required 1A Required 1B Required 2A | Required 2B Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio
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