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 $ 33,617 100,386 124,978 10,826 305,732 $ 575,539 $ 39,692 $ 42,603 68,072 56,805 91,788 58,113 10,107 4,734 286,495 259, 645 $ 496,154 S 421,900 $ 139,010 $ 83,850 $ 55,134 110,365 162,500 163,664 $ 575, 539 117,539 93,240 162,500 162,500 132,265 111, 026 $ 496,154 $ 401,900 (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? (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 Denominator: Choose Numerator: Current Ratio E Current ratio Current Yr: 1 Yr Ago: 2 Yrs Ago Oto 1 0 to 1 oto 1 Rock Required 1B > (-a) Compute the current ratio for each of the three years. (1-6) 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 (2-6) 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 LA Recured 10 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Atestati Choose Numerator Choose Denominator 1 - Current Yr 1 Yr Ago: 2 Yn Age: - Acid-Test Ratio Add-test ratio 01 Otot - 001