need help figuring out current & acud test ratio

2 Years Ago Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago Assets Cash $ 31,800 $ 35,625 Accounts receivable, net 89,500 62,5ee Merchandise inventory 112,500 82,500 Prepaid expenses 19,700 9,375 Plant assets, net 278,500 255, eee Total assets $ 523, eee $ 445,000 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 Long-term notes payable 98,50e 101,500 Common stock, $10 par value 163,500 163,500 Retained earnings 131, 10e 104,750 Total liabilities and equity $ 523,000 $ 445, eee $ 37,800 5e,200 54, eee 5, eee 230,500 $ 377, see $ 51,250 83,500 163,500 79,250 $ 377,500 Exercise 13-7 (Static) Analyzing liquidity LO P3 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? Compute the current ratio for each of the three years. Current Ratio Numerator: Denominator: Current assets Current liabilities 155,000 X/ $ 523,000 X Current Ratio Current ratio 0.30 to 1 0 to 1 0 lo 1 Current Year: 1 Year Ago: 2 Years Ago: 2 1 Required 1A Required 18 ) the three years. Acid-Test Ratio Numerator: Short-term investments Denominator: 2 1 Current Year: 1 Year Ago: 2 Years Ago: