EXePelse 13- 7 Liquidity analysis LU P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 $ $ 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 eamings Tot al liabilities and equity $ 24,644 70, 719 89, 805 7,936 220, 458 $ 413,562 28, 522 50, 911 64, 637 7, 412 205, 037 356, 519 29, 710 39, 217 42, 188 3, 367 185, 618 300, 100 $ $ $ 101, 947 $ 60,252 $ 38, 425 78,527 162, 500 70, 588 $ 413,562 84, 459 162, 500 49, 308 $356, 519 6 4, 996 162, 500 34, 179 300, 100 $ 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 1 Required 2 Compute the current ratio for the years ended December 31, 2017, 2016, and 2015. Current Ratio 7 Choose Denominator: Choose Numerator: = = Current Ratio Current ratio to 1 2017: to 1 2016: 2015: Required 1 Required 2 > Required 1 Required 2 Compute the acid-test ratio for the years ended December 31, 2017, 2016, and 2015. Acid-Test Ratio Choose Numerator: 1 Choose Denominator: = Acid-Test Ratio Acid-test ratio + + 2017: 2016: 2015: + +