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Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Current Year $26,640 76,430 100,018 8,666 244, 326 $ 456,080 1 Year Ago $ 111,293 85,743 162,500 96,544 $ 456,080 $ 31,454 54,494 71,282 8,422 227,520 $ 393,172 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: $ 65,782 89,525 163,500 74,365 $393,172 2 Years Ago (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 quick ratio for each of the three years $ 31,177 42,409 46,074 3,534 194,906 $ 318,100 $ 41,149 72,409 163,500 41,042 $ 318,100

Did the current ratio improve or worsen over the three-year period? Compute the quick ratio for each of the three years. 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 quick ratio for each of the three years. (2-b) Did the quick ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Compute the current ratio for each of the three years. Complete this question by entering your answers in the tabs below. Did the quick ratio improve or worsen over the three-year period? Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. For both the current year and one year ogo, 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? 12.al Comnite the mirk ratio for earh of the three veare

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