Simon Company's year-end balance sheets follow. Current Yr At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, het 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 526,842 81,004 102,855 8,911 249,403 $ 469,015 1 Yr Ago 2 yrs ago $ 32,022 $ 33, 357 57,237 44,916 74,052 48,319 8,661 3,706 231.851 203,302 $ 404,323 S 333,600 $ 120, 288 86,411 162,500 99.816 $ 469,015 $ 69,697 $ 42,714 91,134 72,988 162,500 162,500 80,992 55,398 $ 404,323 $ 133,600 (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 18 Required 2A Required 20 Compute the acid-test ratio for each of the three years. Acid test ratio Current assets Choose Numerator: Current liabilities Choose Denominator Current liabilities - Acid-Test Ratio Current assets Acid-test rabo (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 18 Required 2A Required 28 Compute the acid-test ratio for each of the three years. Choose Numerator: + Current liabilities Current assets Acid-test ratio Choose Denominator: Current assets Current liabilities $ 107,846 / 5 $ 89,759 / $ $ 78.273 / 1$ Current Yr + + + + + + + 1 Yr Ago: 2 Yrs Ago: Acid-Test Ratio Acid-test ratio to 1 to 1 to 1 120.288 = 69,697 - 42,714 -