Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. At December 31 2015 2014 2013 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net s 34,475 40,298 40,331 98,930 67,729 55,404 123,141 92,267 59,602 10,772 10,5784,39 311,218 287,866 251,772 Total assets $578,536 $498,738 $ 411,500 Liabilities and Equity Accounts payable $144,055 $ 84,287 54,318 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 09,852 111,26890,942 62,500 162,500 162,500 162,129 140,683 103,740 Total liabilities and equity $578,536 $498,738 $411,500 (1)Compute the current ratio for the year ended 2015, 2014, and 2013. Current Ratio Choose Denominator: Choose Numerator: Current Ratio 2015: 2014 2013 Current ratio to 1 to 1 to 1