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 Current Year 1 Year Ago 2 Years Ago $ 32,966 95,545 120,130 $ 39,702 68,116 $ 40,533 10,509 305,236 $ 564,386 90,910 10,013 277,799 $ 486,540 Liabilities and Equity Accounts payable $ 143,343 Long-term notes payable Common stock, $10 par value Retained earnings 102,921 162,500 155,622 $ 83,048 114,142 163,500 125,850 Total liabilities and equity $ 564,386 $ 486,540 51,421 54,752 4,460 246,334 $ 397,500 $ 52,470 86,091 163,500 95,439 $ 397,500 (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 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three vears.