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 $ 31,227 93,275 116,115 10,261 289,191 $ 540,069 $ 37,246 $ 39,186 65, 181 53,283 84,409 55,650 9,777 4,225 268,964 239,556 $ 465,577 $ 391,900 $ 137, 167 $ 79,469 $ 50, 696 1 104,579 162,500 135,823 $ 540,069 103,870 88,342 162,500 162,500 119,738 90, 362 $ 465,577 $ 791,900 ences (1-6) 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 period? Complete this question by entering your answers in the tabs below. Required 1A Required 11 Required 2A Required 28 Compute the current ratio for each of the three years (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? (2-6) 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 18 Required 2A Required 28 Compute the current ratio for each of the three years. Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio lo 1 Current Yr: 1 Yr Ago: 2 Yrs Ago 1 10.1 RA Required 18 > (1-6) 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 13 Required 2A Required 28 es Did the current ratio Improve or worsen over the three year period? Curront rato (1-6) 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 1A Required 18 Required 2A Required 20 Compute the acid test ratio for each of the three years es Acident ratio Choose Numerator Choose Denominator Acid-Test Ratio Acids 101 Current Yr 1 Yr Ago 2 Yrs Ago tot (1-6) 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. (2-6) 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 1A Required 18 Required 2A Required 28 Did the acid test ratio improve or worsen over the three year period? nees Acid.bestratio
