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 $ 29,385 82,661 104,981 9,277 261,979 $ 488, 283 $ 34,011 $ 34,727 57,752 44,033 80,209 49,322 8,928 3,707 249,034 212,111 $ 420,934 $ 343,900 122,798 91,797 162,500 111,188 $ 488,283 $ 71,849 $ 45,395 99,719 76,002 162,500 163,500 86,866 59,083 $ 420,934 $ 343,900 (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. Choose Numerator: Current Ratio 1 Choose Denominator: 11 5 Current Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Current ratio oto 1 0 to 1 O to 1 Required 1 Required 13 > Complete this question by entering your answers in the tabs below. Required 1A Required 1B 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 O to 1 to 1 0 tot