Please answer FULLY and CORRECTLY. If you do not want to, PLEASE SKIP. If not and it is half done correctly I will report your work. I do not have post to waste. Thank you.

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-ters notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,110 91,086 116,836 9,916 289,097 $ 538, 045 $ 36,735 66,235 84,093 9,546 267,223 $ 463,832 $ 38,645 49,506 54,343 4,168 236, e38 $ 382,700 $ 131,294 102,164 162,500 142,087 $ 538,045 $ 76,820 184,548 163,500 118,964 $ 463,832 $ 51,022 85,422 162,500 83,756 $ 382,700 For both the current year and one year ago, compute the following ratios: Exercise 13-7 (Algo) 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? (2-0) 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 perlod? Exercise 13-7 (Algo) Analyzing liquidity LO P3 (1-0) Compute the current ratio for each of the three years. (1-1) 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 28 Compute the current ratio for each of the three years Current Ratio Numerator: 1 Denominator: Current assets Current liabilities Current Year: 1 Year Ago 2 Years Ago Current Ratio Current ratio 0 to 1 0 to 1 ## 0 to 1 Required 18 Required 1B > Exercise 13-7 (Algo) Analyzing liquidity LO P3 (1-a) Compute the current ratio for each of the three years (1-1) Did the current rotlo 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 20 Compute the acid test ratio for each of the three years Acid-testato Denoninator Numerator Short term investments . Current Year 1 Year Ago 2 Years Ago Acid-Test Ratio Acest ratio 0101 0101 Oto + +