Sanderson Company’s year end balance sheets follow.

At December 31 2012 2011 2010
Assets
Cash $ 29,607 $ 35,657 $ 35,343
Accounts receivable, net 86,677 62,399 46,653
Merchandise inventory 106,800 82,456 51,708
Prepaid expenses 9,342 8,993 3,848
Plant assets, net 274,457 247,463 219,448






Total assets $ 506,883 $ 436,968 $ 357,000












Liabilities and Equity
Accounts payable $ 126,214 $ 72,371 $ 46,182
Long term notes payable secured by
mortgages on plant assets
95,294 102,513 78,108
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 122,875 99,584 70,210






Total liabilities and equity $ 506,883 $ 436,968 $ 357,000












(1)

Compute the current ratio for the year ended 2012, 2011, and 2010. (Round your answers to 2 decimal places.)

2012 to
2011 to
2010 to

(2)

Compute the acid test ratio for the year ended 2012, 2011, and 2010. (Round your answers to 2 decimal places.)

2012 to
2011 to
2010 to