Simon Company's year-end balance sheets follow. Current Yr At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Common stock, sie par value Retained earnings Total Habilities and equity $36,754 104,414 131,281 11,719 332,609 $ 616,777 1 Yr Ago 2 Yrs Ago $ 43,812 $ 43,866 73,694 59,067 97,382 62,918 11,054 4,826 268,023 $ 531,704 $ 438,700 305,262 $ 156,649 117,114 162,500 180,514 $ 616,777 $ 90,757 $ 56,171 119,846 162,500 162,500 158,601 125,985 $ 531,704 $ 438,700 (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. 12-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 Numerator: I Choose Denominator Current Yr: 1 Yr Ago: 2 Yrs Ago: Current Ratio Current ratio to 1 to 1 to 1