2 Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2 points $ 32,875 $ 38,428 $ 38,459 53, 351 55,164 4,446 240,980 551,683 475,589 392,400 95,281 117,426 10,482 295,619 65,917 87,104 9,788 274,352 02:10:37 Liabilities and Equity Accounts payable Long-term notes payable secured by $134,622$ 77,963 52,833 eBook mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 89,322 162,500 87,745 $ 551,683 475,589392,400 108,292 162,500 150,845 126,834 103,716 162,500 Hint 1. Compute the current ratio for the year ended 2017, 2016, and 2015 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015 Print References Complete this question by entering your answers in the tabs below Required 1 Required 2 Compute the current ratio for the years ended December 31, 2017, 2016, and 2015 Current Ratio Choose Numerator:Choose Denominator: Current Ratio Current assets Current liabilities Current ratio 0 to 1 0 to 1 0 to 1 551,683 2017: $ 2016: 2015: 1. Compute the current ratio for the year ended 2017, 2016, and 2015. 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015 Complete this question by entering your answers in the tabs below Required 1Required 2 Compute the acid-test ratio for the years ended December 31, 2017, 2016, and 2015. Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio -Acid-test ratio 2017: 2016: 2015 0 to 1 0 to 1 0 to 1 Required 1 Required 2