Simon Company's year-end balance sheets follow. Current Yr 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 notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 03 $ 26, 126 74,970 95,204 8,580 233,543 $ 438,423 $ 30,236 $ 32,467 51,855 42,003 72,019 47,491 7,858 3,643 215,983 199,096 $ 377,951 $ 324,700 $ 108,076 $ 63,235 $ 43,718 80,775 162,500 87,072 $ 438, 423 87,798 71,759 162,500 162,500 64,418 46,723 $ 377,951 $ 324,700 (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? es