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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

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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 $ 30,669 88,888 111,760 9,777 283,971 $ 525,065 $ 37,298 $ 37, 343 62,102 50,807 83,739 54, 656 9,505 4,276 259,998 237,818 $ 452,642 $ 384,900 $ 130,741 $ 72,261 $ 51, 315 97,725 162,500 134,099 3 525,065 102,026 86,764 162,500 162,500 110,855 84,321 $ 452,642 $ 384,900 ncos (1-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-b) 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 28 Compute the current ratio for each of the three years. Choose Numerator Current Ratio Choose Denominator Current Ratio Current ratio 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: to 1 to +

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