2018 2017 2016 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 $ 27,389 $ 32,879 $ 33,258 80,732 55,384 44,345 97,525 74,557 50, 138 8,882 8,463 3,899 248,414 227,816 211,250 $ 462,862 $ 399,019 $ 342,800 45 $ 115,253 $ 68,109 $ 44,345 84,408 93,610 75,759 162,500 162,500 162,500 180,701 74,800 60, 196 $ 462,862 $ 399,019 $ 342,800 1. Compute the current ratio for the years ended December 31, 2018, 2017 and 2016. 2. Compute the acid-test ratio for the years ended December 31, 2018, 2017, and 2016 Complete this question by entering your answers in the tabs below. 5 Required 1 Required 2 Compute the current ratio for the years ended December 31, 2018, 2017, and 2016. Current Ratio Choose Numerator: I Choose Denominator: Current assets Current liabilities Current Ratio 2018: Current ratio to 1 0.00 to 1 0.00 to 1 2017: 2016: 115,253 68,109 44,345 - $ $