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[The following information applies to the questions displayed below.] Simon Company's year-end balance...

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Accounting

[The following information applies to the questions displayed below.]
Simon Company's year-end balance sheets follow.
For both the current year and one year ago, compute the following ratios:
(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.
Compute the current ratio for each of the three years.
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