Sales Coat of goods wold Accounts receivable 2018 $ 451,496 232,863 21,943 2017 297.037 153,239 17,406 2016 2015 2014 238.584159,58B120900 125,028 82,490 61,659 16,343 9,304 8,270 Compute trend percents for the above accounts, using 2014 as the base year. (Round the percents to whole numbers.) Trend Percent for Net Sales: Choose Denominator Choose Numerator: Sales 2018: 2017: 2016: 2015: 11 17 Trend Percent for Cost of Goods Sold: I Choose Denominator: Choose Numerator: Cost of goods sold 2018: 2017: 2016: 2015: Choose Numerator: Trend Percent for Accounts Receivables: Choose Denominator: 1 ir = Accounts receivable 2018: 2017: 2016: 2015: Simon Company's year-end balance sheets follow. 2018 2017 2016 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 $ 29,389 $ 34,009 $ 35, 426 87,734 60, 719 47, 703 109,237 79,441 50, 814 9,748 9, 108 3,975 262,010 246,135 216,382 $ 498,118 $ 429,412 $ 354,300 $ 125,272 $ 73,296 $ 46, 768 Common stock, $10 par value Retained earnings Total liabilities and equity 90,837 101,728 . 77,517 162,500 162,500 162,500 119,509 91,888 67,515 $ 498,118 $ 429,412 $ 354,300 1. Compute the current ratio for the years ended December 31, 2018, 2017, and 2016. 2. Compute the acid-test ratio for the years ended December 31, 2018, 2017 and 2016 Compute the current ratio for the years ended December 31, 2018, 2017, and 2016. Current Ratio Choose Numerator: 7 Choose Denominator: Total liabilities Total assets 1 $ 2017: 2016: = - - Current Ratio Current ratio to 1 2018: 498,118 0 to 1 Required 2 Compute the acid-test ratio for the years ended December 31, 2018, 2017, and 2016. Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-best ratio + + 2018: 2017: 2016: . . . + . O O to 1 to 1