Assets $31,800 $ 35,625 37,800 62,500 82,500 9,375 255,000 Cash 89,500 112,500 10,700 278,500 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 50,200 54,000 5,000 230,500 $523,000 $445,000 $377,500 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $129,900 $ 75,250 $ 51,250 98,500 163,500 131,100 83,500 163,500 79,250 $523,000 $445 , 000 $377,500 101,500 163,500 104,750 Total liabilities and equity 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 2 Required 1 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 0 to 1 2017: + 2016 0 to 1 2015 0 to 1