Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 33,386 4,208 S 41,896 96,763 7,36454,755 8,903 4,517 3.671 279,e58 258,929 s571,583 492,744 419,8e 92,983 11,1868,141 Liabilities and Equity Accounts payable Long-term notes payable secured by 5139,478 83,274$ 53,64 108,532 i13,331 2,59 sortgages on plant assets Common stock, s1e par value Retained earningS 62,588162,58 162,5 61,073 133,639 110,252 571,583 492,744$ 419,ee Total liabilities and equsty 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