Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net $ 27,806 81,388 $ 32,824 $ 34,527 58,005 Merchandise inventory Prepaid expenses Plant assets, net Total assets 101,326 9,132 246,966 $ 466,618 86,847 75,906 8,616 226,906 $ 402, 257 $ 67,981 94,369 162,500 77,407 Liabilities and Equity Accounts payable $ 115,026 Long-term notes payable Common stock, $10 par value Retained earnings 162,500 102,245 Total liabilities and equity $ 466,618 $ 402,257 44,695 48,081 3,687 207,610 $ 338,600 $ 44,695 76,327 163,500 54,078 $ 338,600 (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. 12-hl Did the arid-test ratin improve or worsen over the three-vear nerind?