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Simon Company's year-end balance sheets follow. 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, $1e par value Retained earnings Total liabilities and equity $ 36, 352 185,360 133,795 11,941 328,692 $ 616, 140 $ 42,917 $ 43,378 75,105 57,247 97,281 64,758 11,489 4,918 304, 363 276,799 $ 531,155 $ 447,100 $ 153,419 $ S 99,663 $ 59,607 114,676 162,5ee 185,545 118,501 162,580 159,491 55 $ 96,833 162,5ee 128,160 100 $ 616, 140 $ (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 1A Required 18 Required 2A Required 2B Compute the current ratio for each of the three years. Current Ratio 1 Choose Denominator: Choose Numerator: = Current Ratio = Current ratio to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: to 1 to 1 Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: 1 Choose Denominator: Acid-T + = Acid-t ++ Current Yr: 1 Yr Ago: 2 Yrs Ago: +

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