[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Current Year $ 28,850 83,616 104,090 9,291 258,293 $ 484,140 $ 124,167 98,108 162,500 107,365 $ 484,140 1 Year Ago Required 1A Required 1B Required 2A Required 2B $ 34,057 59,015 79,528 9,028 235,734 $ 417,362 For both the current year and one year ago, compute the following ratios: (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? Compute the current ratio for each of the three years. $ 71,945 95,993 163,500 85,924 $ 417,362 Complete this question by entering your answers in the tabs below. SON 2 Years Ago $ 34,432 45,910 50,900 3,982 219,676 $ 354,900 $ 47,784 79,217 163,500 64,399 $ 354,900

[The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow For both the current year and one year ago, compute the following ration. (1-a) Compute the current ratio for each of the three years. (1-b) Oid the curtent roto improve or worsen over the three-year penod? (2-a) Compute the acid-test rabo for each of the three years (2.b) Did the acid-test ratio improve or worsen over the three-your period? Complete this question by entering your answers in the tabs below. Compute the current ratio for each of the three years. The following information opplles to the questions displayed below] Simon Company's year-end balance sheets follow For both the current year and one year ago, compute the followng ratiog: (1-a) Compute the current ratio for each of the three years (1.b) Did the current ratio improve or worsen over the thee-year period? (2.0) Compute the acid-test ravo 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. Compute the current ratio for each of the three years. Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: (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 perlod? (2-a) Compute the acid-test ratio for each of the three yeart: (2-b) Did the acid-test ratio improve or worsen over the three-year penod? Complete this question by entering your answers in the tabs below. Compute the current ratio for each of the three years