Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago 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 $ 27,166 88,343 97,986 9,106 255,242 $469,843 $ 115,821 85,681 $ 32,727 55,571 73,4331 8,421 234,885 $ 405,037 $ 67,082 95,022 162,500 $ 32,118 43,256 46,999 3,533 201,794 $ 327,700 $ 42,824 74,594 162,500 47,782 162,500 105,841 80,433 $469,843 $ 405,037 $327,700 For both the current year and one year ago, compute the following ratios: (1-0) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three-year period? (2-0) 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. Required 1A Required 18 Required 2A Required 28