VUI Current Yr 1 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 $ 32,529 93,364 115,085 10,170 284,132 $ 535,280 $ 37,285 $ 36,950 65,249 50,759 83,661 54,605 9,787 4,106 265,466 230,580 $461, 448 $ 377,000 $ 130,619 $ 80,324 $ 49,266 100,633 162,500 141,528 $ 535, 280 109,317 162,500 109,307 $461,448 80,817 162,500 84,417 $ 377,000 ences (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? (2-0) 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. mework Saved 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 stio to 1 to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: nces to 1 PIU. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Did the current ratio improve or worsen over the three year period? Current ratio Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 28 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 + Current Yr: 1 Yr Ago: 2 Yrs Ago: Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Requided 2B Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio