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 $ 25,745 74,616 97,607 8,207 234,586 $ 440, 761 $ 31,005 $ 31,987 54,259 42,223 70,294 46,798 7,899 3,625 216,509 198,467 $ 379,966 $ 323, 100 $ 110, 847 $ 65,499 $ 42,649 85,349 162,500 82,065 $ 440,761 88, 266 70,691 162,500 162,500 63,701 47,260 $ 379,966 $ 323, 100 (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? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B