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 Connon stock, $10 par value Retained earnings Total liabilities and equity $ 31,989 89,500 112,500 10,700 278,500 $ 523,00 $ 35,625 $ 37,888 62,58 50,200 82,500 54, eee 9,375 5.ee 255, eee 238,588 $ 445, eee $ 377,500 $ 129,988 98,500 163,500 131, 100 $ 523,00 $ 75,250 $ 51,25 181,500 83,500 163,500 163,500 184,750 79,250 $ 445, eee $ 377,500 (1-a) Compute the current ratio for each of the three years. (1-1) 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 acio-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 acid-test ratio for each of the three years. Acid-Test Ratio Choose Numerator: 1 Choose Denominator: Current Yr: + + 1 1 Acid-Test Ratio Acid-test ratio 0 to 1 0 to 1 0 to 1 + 1 Yr Ago: 2 Yrs Ago: