Check my work 3 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 2017 2 $ 27,019 31,905 32,570 42,983 48,623 3,767 247,297 230,255 207,757 $467,294 402,840 335,700 points 80,706 103,482 8,790 57,526 74,525 8,629 eBook Hint Print Liabilities and Equity Accounts payable Long-term notes payable secured by $115,193 $ 66,718 * 43,869 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 86, 094 90,800 72,706 162,500 162,500 162, 500 56,625 $467,294 402,840 335,700 103,507 82,822 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