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 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 36,182 $ 108,044 134,513 42,720 $ 73,266 44,501 58,147 96,815 64,467 11,102 4,994 310,103 277,391 11,652 329,056 $ 534,006 $ 449,500 $ 92,954 $ 57,554 $ 619,447 $ 151,157 115,291 162,500 190,499 $ 619,447 121,593 97,353 163,500 162,500 155,959 132,093 $ 534,006 $ 449,500 (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?