Question: Please use the provided graph to fill in the blanks. The graphs are provided below, please fill in the blanks. Thanks Compute the current ratio
Please use the provided graph to fill in the blanks. The graphs are provided below, please fill in the blanks. Thanks





Compute the current ratio for each of the three years. Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio Current Yr: S to 1 1 Yr Ago: S to 1 2 Yrs Ago: to 1Did the current ratio improve or worsen over the three year period? Current ratioCompute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: 1 Choose Denominator: Acid-Test Ratio + + Acid-test ratio Current Yr: + to 1 1 Yr Ago: + to 1 2 Yrs Ago: + to 1Did the acid-test ratio improve or worsen over the three year period? Acid-test ratioSimon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 33,131 $ 38, 727 $ 41, 987 Accounts receivable, net 94, 084 67,773 56,532 Merchandise inventory 123, 171 88, 652 60, 224 Prepaid expenses 10,993 10,063 4, 620 Plant assets, net 305, 839 283, 766 252, 437 Total assets $ 567, 218 $ 488, 981 $ 415, 800 Liabilities and Equity Accounts payable $ 144, 062 $ 84, 291 $ 53, 239 Long-term notes payable secured by mortgages on plant assets 108, 770 114 , 715 93, 730 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 151, 886 127, 475 106,331 Total liabilities and equity $ 567, 218 $ 488, 981 $ 415, 800
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