Current Year 1 Year Ago 2 Years Ago DOG 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 $ 34,749 99,695 130,464 11,190 318,813 $ 594,911 $ 40,618 73,954 93,929 10,985 293, 368 $ 512,854 $ 42,742 56,990 60,688 4,749 270,931 $ 436,100 $ 145, 170 108,488 162,500 178,753 $ 594,911 $ 87, 539 116,777 163,500 145,038 $ 512,854 $ 55,838 98,306 163,500 118,456 $ 436,100 For both the current year and one year ago, compute the following ratios: Exercise 17-7 (Algo) Analyzing liquidity LO P3 (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. S AAVE 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 2B Compute the current ratio for each of the three years. Numerator: Current Ratio Denominator: Current Ratio Current ratio oto 1 Current Year: 1 Year Ago: 2 Years Ago: O to 1 0 to 1 Rond 1 Required 1B > (2-6) Bld 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 Requited 2A Required 28 Compute the acid-test ratio for each of the three years. Acid-test ratio Denominator: Numerator: Short-term investments Acid-Test Ratio Acid-test ratio Current Year: 0 to 1 1 Year Ago: 2 Years Ago: 0 to 1 O to 1 -