end Balar Ch 13-Assignmen Simon Company's Year ( https/ Saved oh 13- Assignment 0 Ch 13-Assignment Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow 307 27,733 $ 32,099 $ 32,775 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 44,141 72,759 47,485 3,752 247,682 229,395 286,247 460,830 $ 397,267 334,400 80,37854,505 96,106 8,931 8,589 Betrences Liabiities and Equity Accounts payable Long- ters notes payable secured by s 114,747 89,235 94,348 66,467$ 44,582 nortgages on plant assets C n stock, $10 par value Retained earnings Total llabilitles and equity 74,641 162,500 162,500162,500 52.677 $ 468,830 397,267 $ 334,400 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 Type here to search Prey 5 of 13 N> Ch 13-Assgi s Year-end Balar Simon Company's /connect.html https/ Saved h 13-Assignment Compute the current ratio for the year ended 2017, 2016, and 2015. Complete this question by entering your answers in the tabs below. equired1 Required 2 2 Compute the acid-test ratio for the year ended 2017, 2016, and 2015 307 points Hint Compute the current ratio for the years ended December 31, 2017, 2016, and 2015. Current Ratio tor - Current Ratio Current ratio 2017 to 1 to 1 to 1 2015 lype here to search Prey 5 of 13E Next > 1 G, Express the Ch 13-Assignment X 's Year-end Bala Simon Company's ion.com/flow/connect.html ps/ Saved nment 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. Compute the acd-test ratio for the years ended December 31, 2017, 2016, and 2015. Choose Numerator: I Choose Denominator 2017: 120%; 2015 Required 1