nment 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 Liabilities and Equity Accounts payable Long-term notes payable secured by s 26,329 30,776 s 31,116 74,81453,858 40,658 95,00469,07744,184 3,526 194,816 $ 437,506 377,160 $314,300 8,479 7,841 232,880 215,608 $108,939 $ 65,015 40,658 mortgages on plant assets Common stock, $10 par value 84,71984,144 70,850 162,500 162,500 162,500 81,34865,501 40.292 $437,506 377,160 314,300 Total liabilities and equity 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 Choose Denominator: Choose Numerator: Current Ratio Current ratio 2017 2016: 2015: to 1 to 1 to 1