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 $ 33,658 95,658 115,508 19,418 298,620 $ 553,862 $ 38,579 $ 37,861 68,182 51,502 99,098 54,306 19,227 4,164 279, 381 238,467 $ 477,467 $ 386,300 $ 142,849 $ 89,692 $ 51,502 101, e92 162,500 148, 311 $ 553,862 113, 112 87,080 162,5ee 162,500 121,163 85,218 $ 477,467 $ 386,300 (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 perlod? (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 perlod? 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: 1 Choose Denominator: = Current Ratio Current ratio = = to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: / = to 1 to 1 Required 1A Required 1B Required 2A Required 2B Did the current ratio improve or worsen over the three year period? Current ratio 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: Acid-Te Acid-te + + Current Yr: + = 1 Yr Ago: 2 Yrs Ago: ++ 1