answer the question as a whole. 1a-2b.

Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,699 100,631 125,284 10,962 306, 369 $ 576,945 $ 40,187 $ 39,838 70,328 51,523 91,093 55,998 10,654 4,515 285,104 250, 526 $ 497,366 $ 402,400 $ 145,096 $ 84,055 $53, 117 107,381 162,500 161,968 $ 576,945 115,538 89,820 162,500 162,500 135, 273 96, 963 $ 497,366 $ 402,400 (1-a) Compute the current ratio for each of the three years. (9-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 rationimprove or worsen over the three year period? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B