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 Yr1 Yr Ago 2 Yrs Ago $ 26,685 74,278 96,278 8,593 241,972 $ 447,806 31,192$31,211 43,738 47,052 3,468 218,228 196,231 386,040 $ 321,700 55,667 72,846 8,107 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 114,849 66,546 43,738 70,385 162,500 162,500 45,077 $ 447,806 386,040 321,700 84,188 162,500 86,269 89,677 mortgages on plant assets Common stock, $10 par value Retained earnings Total 1iabilities and equity 67,317 (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