Saved At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 1 Yr Ago 2 Yrs Ago Current Yr $ 29, 200 $ 34,828 $ 37,016 60, 950 80, 541 9,325 249, 711 83, 766 110, 749 9,883 271, 414 $ 505, 012 48,378 53, 094 4,072 227, 640 Total assets $ 435, 355 S 370, 200 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $ 128, 263 $ 73,575 $ 49,355 3:03 94, 942 162,500 119, 307 101, 133 162,500 98, 147 81, 814 162, 500 76,531 Total liabilities and equity $ 505,012 $ 435, 355 $ 370, 200 (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