The following is the comparative balance sheet of Blossom Company Limited. Current assets Cash Accounts receivable Inventories December 31, 2021 December 31, 2020 $65,000 $85,000 868,000 766,000 495,000 298,000 1,428,000 1,149,000 Total current assets Non-current assets Property, plant, and equipment 1,194,000 1,372,000 Intangible assets 1,081,000 1,287,000 Total non-current assets 2275,000 2.659,000 Total assets $3,703,000 $3,808,000 Current liabilities Accounts payable $25,000 $34,000 Current portion of warranty liability 149,000 175,000 Current portion of long-term borrowings 84,000 96.000 Total current liabilities 258,000 305,000 Non-current liabilities Long-term loan 909,000 993,000 Income tax liabilities 59,000 64,000 Warranty liability 602,000 707,000 Total non-current liabilities 1,570,000 1,764,000 Equity Share capital 1,272,000 1.272,000 Retained earnings 603,000 467,000 Total equity 1,875,000 1.739,000 Total equity and liabilities $3,703,000 $3,808,000 Calculate the current ratio for 2020 and 2021. (Round answers to 2 decimal places, e.g. 7.76.) Current ratio eTextbook and Media 2021 5.5 :1 2020 3.8 :1 Calculate the acid-test ratio for 2020 and 2021. (Round answers to 2 decimal places, e.g. 7.76.) Acid-test ratio eTextbook and Media 2021 Did the current ratio improve or deteriorate in 2021? The current ratio improved in 2021. eTextbook and Media Did the acid test ratio improve or deteriorate in 2021? The acid test ratio in 2021. eTextbook and Media 2020