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 $ 27,669 80,996 100,829 8,910 250,569 $ 468,973 $ 33,313 $ 32,046 54,902 44,472 76,289 46,434 8,660 3,670 231, 123 203,678 $ 404,287 $ 330,300 $ 116,774 $ 68,325 $ 44,036 85,522 162,500 104, 177 $ 468,973 92,056 73,726 162,500 162,500 81,406 50,038 $ 404,287 $ 330,300 (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 1 Choose Denominator: Choose Numerator: Current Ratio Current ratio Current Yr: / = to 1 / to 1 1 Yr Ago: 2 Yrs Ago: / to 1 Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Did the current ratio improve or worsen over the three year period? Current ratio 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: | Choose Denominator: Acid-Test Ratio + 7 Acid-test ratio Current Yr: + / 0 to 1 + + + + + 1 0 to 1 1 Yr Ago: 2 Yrs Ago: + / o 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