WILL I LUMTULI UIMICUMULLIUL LUWUIK YUU HUVU CUMULUU SU ld. ILUUUS TO Hultate completion Retu -rcise 13-7 Analyzing liquidity LO P3 on Company's year-end balance sheets fol 1 Yr Ago 2 Yrs Ago December 31 sets sh counts receivable, net chandise inventory epaid expenses ant assets, net tal assets abilities and Equity counts payable mg-tern notes payable secured by mortgages on plant assets mmon stock, $10 par value tained earnings tal liabilities and equity Current Yr $ 25,219 74,569 90.043 8.450 233,477 $ 431,758 $ 29,776 $ 29,795 53,151 40,132 70.235 43,608 8.051 3.479 210,992 190,086 $ 372,205 $ 307,100 $ 106,433 $ 61,016 $ 40,943 81,982 162,500 0,843 $ 431,758 83,039 65,833 162,500 162,500 65,650 32.824 $ 372,205 $ 307,100 Compute the current ratio for each of the three years. Did the current ratio improve or worsen over the three year period? Compute the acid-test ratio for each of the three years. Did the acid-test ratio improve or worsen over the three year period? Answer is not complete. omplete this question by entering your answers in the tabs below. Prey 1 of 1 Next Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 1 II (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? Answer complete. 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: Choose Denominator: Current liabilities Acid-Test Ratio Acid-test ratio Current Cash Short-term investments Current to $ S 1 Yr Ago: 2 Yrs 25,219 29,776 29,795 106,433 61,016 40,943 Ago: Prev 1 of 1 Next