2017 2016 2015 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 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 $ 32,997 $ 39,342 $ 39,382 96,592 66,149 51,985 122,649 86,519 56,488 10,732 10,024 4,463 296,305 280, 100 245,482 $ 559,275 $ 482,134 $ 397,800 $ 142,045 $ 89,666 $ 51,459 106,195 112 112,000 88,793 162,500 162,500 162,500 148, 535 126,968 95,848 $ 559,275 $ 482,134 $397,809 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 1 Required 2 Compute the acid-test ratio for the years ended December 31, 2017, 2016, and 2015, Acid-Test Ratio Choose Numerator Short-term investments + Current receivables Choose Denominator: Current liabilities $ Cash 2017: $ 2016: $ 2015: S 32,997 - 39,342 - 39,382 Acid-Test Ratio Acid-test ratio to 1 to 1 to 1 + s 142,045 = 80,666 51.450 1 ! . $