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 Year $ 35,265 101, 196 129,779 11,019 314,530 $ 591,789 1 Year Ago 2 Years Ago $ 39,997 $ 42,088 70,709 55,018 92,493 58,594 10,606 296,358 4,493 256,607 $ 416,800 $ 510, 163 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: $ 144,408 109,031 163,500 174,850 $ 591,789 $ 85,355 116, 164 162,500 146, 144 $ 510, 163 $ 54,467 92,113 163,500 106,720 $ 416,800 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?