Year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Supplies Prepaid insurance Buildings,...

  

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Year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Supplies Prepaid insurance Buildings, net Total assets Liabilities and Equity Accounts payable Common stock Current Year 1 Year Ago 2 Years Ago $ 37,472 $ 31,082 90,086 112,145 10,109 278,181 $ 521,603 $ 129,879 99,042 162,500 Long-term notes payable Retained earnings 130,182 Total liabilities and equity $ 521,603 $ 37,052 63,582 84,019 9,443 255,562 $ 449,658 $ 75,232 101,353 163,500 109,573 $449,658 49,962 52,672 4,080 234,314 378,500 $ 48,963 83,649 163,500 82,388 $ 378,500 Complete this question by entering your answers in the tabs below. Requirement Requirement Requirement 1A 1B Requirement 2A Requirement 2B Compute the acid-test ratio for each of the three years. + Current Year + 1 Year Ago + 2 Years Ago + Acid-test ratio Choose Numerator: Choose Denominator: +-+-+-+ / 1 = Acid-test ratio = 0 to 1 = 0 to 1 = 0 to 1 Year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Supplies Prepaid insurance Buildings, net Total assets Liabilities and Equity Accounts payable Common stock Current Year 1 Year Ago 2 Years Ago $ 37,472 $ 31,082 90,086 112,145 10,109 278,181 $ 521,603 $ 129,879 99,042 162,500 Long-term notes payable Retained earnings 130,182 Total liabilities and equity $ 521,603 $ 37,052 63,582 84,019 9,443 255,562 $ 449,658 $ 75,232 101,353 163,500 109,573 $449,658 49,962 52,672 4,080 234,314 378,500 $ 48,963 83,649 163,500 82,388 $ 378,500 Complete this question by entering your answers in the tabs below. Requirement Requirement Requirement 1A 1B Requirement 2A Requirement 2B Compute the acid-test ratio for each of the three years. + Current Year + 1 Year Ago + 2 Years Ago + Acid-test ratio Choose Numerator: Choose Denominator: +-+-+-+ / 1 = Acid-test ratio = 0 to 1 = 0 to 1 = 0 to 1