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 $ 33,986 98,501 125,060 10,408 296,779 $ 564,734 $ 39,337 $ 39,763 66,794 54,623 87,363 56,457 10,326 4,507 283,020 250, 350 $ 486, 840 $ 405,700 $ 142,025 $ 79,808 $ 53, 017 107,232 162,500 152,977 $ 564,734 110,853 87,867 162,500 162,500 133,679 102,316 $ 486,840 $ 405,700 (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 Current Ratio Choose Numerator: Current assets 1 Choose Denominator: 1 Current liabilities - Current ratio Current Yr: / 0 to 1 7 0 to 1 1 Yr Ago: 2 Yrs Ago: 0 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 Improved Worsened 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: 1 Choose Denominator: = Acid-Test Ratio + 7 Acid-test ratio Current Yr: + + 1 0 to 1 + + 7 0 to 1 1 Yr Ago: 2 Yrs Ago: + 7 Oto 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