Simon Company's year-end balance sheets follow. Current Ye 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-term noten payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,348 82,983 105,368 8,855 254,920 $ 480,474 $ 33,468 $ 32, 497 57,408 45, 115 75,861 47,092 8,698 3,648 238,767 210,048 $ 414,202 $ 338,400 $ 117,245 $ 68, 600 $ 45, 562 89,426 162,500 111, 303 $ 480, 474 96,219 162,500 86,883 $ 414, 74,039 162,500 56,299 $ 338, 400 (1-a) Compute the current ratio for each of the three years. (1-6) 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. Required 1A Required 16 Required 2A Required 28 Compute the current ratio for each of the three in