The following information apples to the questions displayed below) Simon Company's year-end balance sheets follow, 1 Year 2 Years At December 31 Assets Cash Accounts receivable.net Merchandise Leventory Prepaid expenses Plant assets, net Total asets Liabilities and Equity Accounts payable Long-tere not able Common stock, 510 par value Betained ning Total llities and equity Current Year $ 32,45 9.500 117.1.0 10,47 254.960 5 534,109 $37.96 51,150 53.946 63,122 25.11 9.99 266 137 $ 460,439 232.41 5329.900 $ 136,983 102,421 183,50 131,205 $ 514,109 $ 60,149 109.07 165,500 102 213 1.460.00 $ 50,147 55,637 163,500 10.610 5 379.000 For both the current year and one year ago. compute the following ratios (-a) Compute the current ratio for each of the three years (4-6) 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 12-b) Did the cd testato improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Required A inued 2A ered 20 Compute the current for each of the three years Denom - Current Current Curst Year 1 Year 2 years ago 1 Required 10 > [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. Current Year 1 Year ARO 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,458 89,506 117,130 10.17 284,968 5 534,109 5 37,940 63,172 85,181 9,959 264,182 $ 460,439 $ 37,986 $1,150 53,946 4,137 232,681 $ 379,900 $ 136,983 102,421 163,500 231, 205 $ 534,195 $ 88,149 199,078 163,500 107,712 $ 460,439 $ 50, 147 55,637 163,500 80,616 5 379.900 For both the current year and one year ago, compute the following ratios. (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-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 10 Required 2A Required 28 Did the current ratio improve or worsen over the three year period? Current ratio The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow Current Year 1 Year AB 2 years ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tere notes payable Common stock, $10 per value Retained earnings Total liabilities and equity 5 32,458 89,566 117, 130 10,047 284968 $ 334,199 5 37,140 63,172 85,181 9,959 264,187 5460,439 $ 37,986 51,150 53.M 4.137 23241 $ 379,900 $ 136,983 102,421 163,500 131,285 5 534,10 $ 80,149 109,00 163,500 102.212 $ 460,439 $ 50,147 85,637 163,500 88,516 $79.900 For both the current year and one year ago. compute the following ratios (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 1B Required 2A Required 28 Compute the add-test ratio for each of the three years Acil testo Numerator: Short-term investments Denominato Current Year: 1 Year Ago 2 Years Ago Acid-Test Ratio Adidatest ratio 101 101 tot . (Required 10 Required 28 ) Saved w [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-tere notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,458 89,506 117,130 10,647 284,965 $ 534,109 $ 37,940 63,172 85,181 9,959 266 187 $ 460,439 537.986 51,150 53,946 4,137 232,681 $ 379,900 $ 136,983 102,421 163,500 131.285 5.534,109 $de, 149 109,078 163,500 102.712 $ 460,439 $ 50,147 85,537 163,500 30,616 5.379.900 For both the current year and one year ago, compute the following ratios (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-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 LA Required 10 Required 2A Required 20 old the acid-tast ratio improve or worden over the three-year period? Acid-test ratio