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 $ 33,725 96,786 118, 076 10,648 301, 162 $560, 397 $ 39,035 $ 41,076 66,958 53,141 88,480 57,167 10,044 4,654 278,584 254,762 $483, 101 $410,800 $139,539 $ 81,644 $ 55,852 103,248 162,500 155, 110 $560,397 108,891 91,695 162,500 162,500 130,066 100,753 $483, 101 $410,800 (1-0) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three year period? (2-0) 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. Choose Numerator: Cost of goods sold Current Ratio I Choose Denominator: / Cost of goods sold Current Ratio Current ratio Current Yr: 1 Yr Ago: 2 Yrs Ago: O to 1 Required 13 > 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 Current Yr: 1 Yr Ago: 2 Yrs Ago: Oto 1 Oto 1 Oto (Required 18 Required 23 >