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 $ 34,704 94, 724 121,554 10,850 309,244 $ 571, 076 $ 38,597 $ 42,256 70,301 55,795 91,988 58,845 10,442 4,422 280,979 253,082 $ 492,307 $ 414,400 $ 139,354 108,436 162,500 160,786 $ 571, 076 $ 83,200 $ 54,154 115,495 90,667 162,500 162,500 131,112 107,079 $ 492,307 $ 414,400 (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. Current Ratio Choose Numerator: / Choose Denominator: Current Ratio Current ratio to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: ### to 1 to 1 Round Required 10 > 00 (1-6) Did the current ratio improve or worsen over the three year period? (2-3) Compute the acid-test ratio for each of the three years. (2-6) Did the acid-test ratio improve or worsen over the three year perlod? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Reghred 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator 1 Current Yr: 1 Yr Ago: 2 Yrs Ago Acid-Test Ratio Acid-test ratio olto 1 O to 1 0 to 1 . Required 10 Required 28 >