[The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 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-term notes payable Common stock. $10 par value Retained earnings Total liabilities and equity Current Year $ 33,232 97.261 119,913 10,702 291,104 $ 552.212 $ 36,941 67,979 86,307 10,297 274,521 $ 476,045 $ 40,877 52,365 56,332 4,453 250.773 $ 404.800 $ 138,876 105,892 162,500 144,944 $ 552.212 $ 79,647 109,490 162,500 124 408 $ 476,045 $ 53,968 87672 162,500 100,660 $ 404,800 Award: 10.00 points (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 28 Compute the current ratio for each of the three years. Numerator: Current Ratio Denominator: Current Year: Current Ratio Current ratio to 1 to 1 to ! 1 Year Ago: 2 Years Ago: HATA Required 18 > (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 IA Required 1B Required 2A Required 28 Did the current ratio improve or worsen over the three-year period? Current ratio (1-a) Compute the current ratio for each of the three years (1-6) od the current ratio improve or worsen over the three-year period? (2-a) Compute the acid-test ratio for each of the three years. (2-6) 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 IA Required 10 Required 2A Required 28 Compute the acid-test ratio for each of the three years. As estratto Numeratori Short-term investments Current Year Year Ago 2 Years Ago Denominator Acid-Test Ratio Adidato to 1 16 to 1 . . (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 Did the acid-test ratio improve or worsen over the three-year period? Acid-test ratio