Required Information Use the following Information for the Exerclses below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratlos: Exerclse 17.7 (Algo) Analyzing llquidity LO P3 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratto 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 perlod? Compute the current ratio for each of the three years. Did the current ratio improve or worsen over the three-year period? Compute the acid-test ratio for each of the three years. Did the acid-test ratio improve or worsen over the three-year period