www. [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow, Current Year 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 $ 32,458 89,506 117,130 10,947 284,968 $ 534,109 $ 37,940 63,172 85,181 9,959 264,182 5464,439 $ 37,986 51,150 53,946 4,137 232,681 $ 379,900 $ 136,983 102,421 163,500 131,205 5 534,109 5 80,149 109,878 163,500 107,212 $ 460,439 $ 50,147 85,637 153,500 80,616 $ 379,900 For both the current year and one year ago, compute the following ratios. (1-0) 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 (2-6) 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 1A Required 18 Required 2A Required 28 Compute the current ratio for each of the three years Current Ratio Denominator: Numerator - Current Ratio Current ratio to Current Year: 1 Year Ago 2 Years Ago! tot to Required 18 > [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Year 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 per valut Tetained earnings Total liabilities and equity $ 32,458 89,506 117.130 10.047 284,968 $534,109 5 37,940 53,172 BS, 181 9,959 264,127 $ 460,439 $ 37,986 51,150 53,946 4,137 232,681 $ 379,900 $ 136,983 102,421 163,500 131,205 $ 534,109 $ 30,149 109,078 163,500 107,212 $ 460,439 $ 50,147 85,637 163,500 30.616 $ 379,900 For both the current year and one year ago, compute the following ratios (1-6) 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. (2-6) 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 A Required 18 Required 2A Required 28 Did the current ratio improve or worse over the three-year period? Current ratio Required 1A Required 2A > [The following information applies to the questions displayed below! Simon Company's year end balance sheets follow Currene Year 1 Year Ago 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 teen notes payable Common stock, $10 par valet Retained earnings Total lisbilities and equity 5 32.458 89,506 117,130 19,47 284.060 $ 534,109 $ 37.900 63,172 25.181 9,959 264187 $ 40,439 $ 37,956 51,150 53,946 4,137 232,681 $379,900 $ 136,983 102,421 163,500 131,209 5 534,109 530,149 209.07 163,500 102.212 5460,439 550,147 35,637 163,500 10,616 $379,900 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? Complete this question by entering your answers in the tabs below. Required 14 Hd 10. Required za Regulaya Compute the acid-test ratio for each of the three years, Acestea Denominator: Nuwe Short-term investments . Current Year 1 Year Ages 2 Years Ago - Acid-Test Ratio Acid-testato 10 101 tat + + Simon Company's year-end balance sheets follow Current Year 1 Year 2 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, 510 par value Retained corning Total Liabilities and equity $ 32,455 89.506 117, 130 10.047 284.968 5.534,109 5 37,0 63,172 85,181 9,959 264,387 5460,499 $ 37.986 51.150 53,946 4,237 232.81 3379,900 $ 136,953 102.425 163,500 131,20 $ 534,100 $ 30,149 109,073 163,500 102 212 $ 460,439 5.50,147 85,637 103,500 50.615 $ 379,900 For both the current year and one year ago. compute the following ratios (1-0) Compute the current ratio for each of the three years (1-b) Did the current ratio improve or worsen over the three year period? (2-6) 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 18 Required 2A Requielyze Did the add-test ratio improve or worsen over the three year period Actor