Simon Company's year-end balance sheets follow 2017 2016 2015 At December 31 Assets Cash Accounts receivable, et Merchandise inventory Prepaid expenses Plant assets, net Total site Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value $ 37,195 $ 42,633 $ 63,966 105,709 73,870 57,460 131,593 9 9,566 60,564 11,513 11,191 326,052 300.380 272,825 $ 612,062 $ 527,640 $ 439,700 $ 153,927 $ 87,388 $ 59,782 113,917 162.500 120,144 162.500 94,258 162.500 Total liabilities and equity $ 612,062 $ 527,640 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 Denominator Acid-Test Ratio 2017: 2016: 2015 Required 1 Simon Company's year-end balance sheets follow. 2017 2016 2015 20 points Skipped 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 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 37,195 $ 42,633 $ 43,966 105,709 73,870 57,460 131,593 99,566 60,564 11,513 11,191 4,885 326,052 300,380 272,825 $ 612,062 $ 527,640 $ 439,700 $ 153,927 $ 87,388 $ 59,782 eBook 113,917 120,144 94,258 162,500 162,500 162,500 181,718 157,608 123,160 $ 612,062 $ 527,640 $ 439,700 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. References 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: OL 81 - - Current Ratio Current ratio 1 2017: 2016: 2015: III Required 2 >