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 $ 25,059 75,562 90,393 7,988 230,012 $ 429,014 $ 28,995 $ 30,817 50,742 39,869 67,736 42,451 7,689 3,288 214,678 191,775 $369,840 $ 308,200 $ 184,688 $ 62,503 $ 41,089 81,461 162,500 80,365 $ 429,014 85,063 70,156 162,500 162,500 59,774 34,455 $369,840 $ 308, 200 (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 28 Compute the current ratio for each of the three years. Current Ratio Choose Denominator: Choose Numerator: 11 11 Current Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Current ratio to 1 to 1 to 1 II = Required MA Required 1B > Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 28 Did the current ratio improve or worsen over the three year period? Current ratio Improved Worsened 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: - Acid Test Ratio Acid-test ratio to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: to 1 to 1 = Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio um