b 117 pos Simon Company's year-end balance sheets follow Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Current 327,581 79,937 102.495 8,704 244,632 $ 32,870 $ 32,250 54,514 72,339 8,295 45,207 46,271 3,584 231,364 201,179 $ 199,000 1 332,500 Plant assets, net total assets Liabilities and Equity Accounts payable $114,005 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value H Retained earnings Total liabilities and equity 97.491 3462,840 $9,454 5 44,329 72.913 162,500 73,441 162,500 $1,014 $399,000 $332,500 (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. Required 14 Required LB Required ZA Required 2 Compute the current ratio for each of the three years. Current Chase Numerstr Choose Denominator Current Rati Cument ratio