aces Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity $ 556,577 Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: $ 137,202 104,636 163,500 151,239 Current Year 1 Year Ago 2 Years Ago $ 32,181 95,175 119,664 $ 38,001 $ 39,180 66,501 10,681 298,876 86,989 9,874 278,443 $ 479,808 $ 79,466 108,149 162,500 52,779 57,357 4,533 254,151 $ 408,000 $ 53,317 89,266 162,500 102,917 129,693 $ 556,577 $479,808 $ 408,000 (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?