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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

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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 2017 2016 2015 $ 32,366 $ 37,451 $ 39,410 66,209 52,016 115, 563 89,25758,240 4,512 299,228 275,047247,922 $554,126 $477,695 $402,100 96,651 10,318 9,731 $140,737 $ 83,152 $ 53,077 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 104,176 107,67289,753 162, 500 162, 500 162, 500 146,713 124,37196,770 $554,126 $477,695 $402,100 Compute the current ratio for the years ended December 31, 2017, 2016, and 201 Current Ratio Choose Numerator: IChoose Denominator: Current Ratio Current ratio 0 to 1 0 to 1 0 to 1 urrent assets / Current liabilities 2017: 2016: 2015: 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

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