Mixon Company's year$-$end balance sheets show the following: Cash Accounts receivable, net Merchandise inventory Prepaid expenses. Plant assets, net Total assets Accounts payable..... Long$-$term notes payable secured by mortgages on plant assets $....$ Common stock, $$10$ par value Retained earnings $.....$ Total liabilities and equity $******20062005$ $ $35,625$ $ $30,80088,50062,500111,50082,5009,7009,375277,500255,000$ $$518,000$ $$445,000$ $$128,900$ $ $75,25097,500162,500129,100$ $$518,0002004$ $$36,80049,20053,0004,000229,500$ $$372,500$ $ $49,250102,50082,500162,500162,500104,75078,250$ $$445,000$ $$372,500$ Required: Compare the year$-$end short$-$term liquidity position of this company at the end of $2006,2005,$ and $2004$ by computing the: $($a$)$ current ratio and $($b$)$ acid$-$test ratio. Comment on the ratio results.