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 $ 35,611 105,275 133,661 11, 353 317,671 $ 603,571 $ 40,377 $ 43,356 74, 302 58, 380 96,259 60,955 11,145 4,674 298,237 266, 235 $ 520, 320 $ 433,600 $ 151,792 $ 87,934 $ 57,235 110,067 162,500 179,212 $ 603,571 117,280 93,909 162,500 162,500 152,606 119,956 520,320 $ 433,600 (1-a) Compute the current ratio for each of the three years, (9-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 13 Required 2A Required 28 Compute the current ratio for each of the three years. Current Ratio Choose Numerator: Choose Denominator: = Current Ratio Current ratio 0 to 1 0 to 1 0 to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: Required 1A Required 1B > Required 1A Required 1B Required 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-test ratio 0 to 1 0 to 1 Oto 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: + + +