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 Longtern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 28,5315 33,684 $ 33,705 81,039 57, 196 46, 315 180,851 78,665 50, 317 8,912 8,579 3,745 264,248 238,756 213,318 $ 483,581 $ 416,880 $ 347,400 $ 119,208 $ 70,453 $ 44,940 91,822 94,924 76,775 162,500 162,500 162,589 110,951 89,003 63,185 $ 483,581 $ 416,880 $ 347,400 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 101 2017: 2016: 2015: 10 1 to 1 Required 2 > 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-tern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,531 $ 33,684 $ 33,705 81,039 57,196 46,315 100,851 78,665 50,317 8,912 8,579 3,745 264,248 238,756 213, 318 $ 483,581 $ 416,880 $ 347,400 $ 119,208 $ 70,453 $ 44,940 91,822 94,924 76,775 162,500 162,5ee 162,5ee 110.051 89,003 63,185 $ 483,581 $ 416,889 $ 347,409 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 acid-test ratio for the years ended December 31, 2017, 2016, and 2015 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio to 1 2017: 2016: + + 2015: + to 1 to 1