Simon Company's year-end balance sheets follow. Current Yri 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 $ 37,050 104,224 133,689 11,697 328,993 $ 615,653 $ 41,185 $ 43,786 72,817 56,069 101,132 60,938 11,145 4,817 304,456 272,290 $530,735 $ 437,900 $ 157,897 $ 92,385 $ 58,959 115, 743 162,500 179,513 $ 615,653 118.407 118,407 98,711 162,500 162,500 157,443 117,730 $530,735 $ 437,900 (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 1B Required 2A Required 2B Compute the current ratio for each of the three years. Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio to 1 to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: to 1 Did the current ratio improve or worsen over the three year period? Current ratio Required 1A Required 1B Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: 1 Choose Denominator: = + Acid-Test Ratio Acid-test ratio to 1 | + + Current Yr: 1 Yr Ago: 2 Yrs Ago: + + + + Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio