[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Current Year 1 Year Ago 2 Years Ago $ 25,450 $ 30,350 51,008 eck my wo 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 74,507 92,741 8,196 234,818 67,404 7,651 219,201 $ 435,712 $ 375,614 $ 109,577 81,095 163,500 81,540 $ 65,383 87,255 163,500 59,476 Total liabilities and equity $ 435,712 $ 375,614 $ 32,253 41,318 44,448 3,584 197,797 $ 319,400 $ 42,582 71,999 162,500 42,319 $ 319,400 (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?