The following is the comparative balance sheet of Ivanhoe Company Limited, December 31, 2021 December 31, 2020 Current assets Cash $65.000 $84,000 Accounts receivable 859.000 775,000 Inventories 505,000 303,000 Total current assets 1,429,000 1,162,000 Non-current assets Property, plant, and equipment 1,190,000 1,361,000 Intangible assets 1,075,000 1,276,000 Total non-current assets 2,265,000 2,637,000 Total assets $3,694.000 $3,799,000 Current liabilities Accounts payable $25,000 $35,000 149.000 173.000 Current portion of warranty liability Current portion of long-term borrowings 86.000 95.000 Total current liabilities 260.000 303,000 Non-current liabilities 898.000 984,000 Long-term loen Income tax liabilities 59.000 65.000 Warranty liability 596.000 695.000 Total non-current liabilities 1,550.000 1.744 000 Equity Share capital 1,282.000 1.282.000 Retained earnings 599.000 470.000 Total equity 1.881.000 1752.000 Total equity and Itabllldes $3,694,000 $3,799,000 Calculate the current ratio for 2020 and 2021. Round answers to 2 decimal places, eg. 7.76) 2021 2020 Current ratio 1 -1 eTextbook and Media Calculate the acid-test ratio for 2020 and 2021. (Round answers to 2 decimal places, eg. 7.76.) 2020 Acid-test ratio 1 eTextbook and Media Did the current ratio improve or deteriorate in 2021? The current ratio In 2024 eTextbook and Media Did the acid test ratio improve or deteriorate in 2020 The ecio test ntio