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 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,120 $ 38,715 $ 41,159 95, 052 64,430 54,879 118,327 85,139 57,300 10,248 9,664 4,349 293, 610 276,498 249,913 $ 550,357 $ 474,446 $ 407,600 $ 134,298 $ 81,785 $ 52,727 103,467 111,305 89, 179 162,500 162,500 162,500 150,092 118,856 103, 194 $ 550,357 $ 474,446 $ 407,600 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. 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 1 Choose Denominator: 11 Choose Numerator: Current Ratio Current ratio to 1 11 2017: to 1 2016: 11 to 1 2015: Required 1 Required 2 > 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. EEEEE Acid-Test Ratio Choose Numerator: Choose Denominator: = Acid-Test Ratio Acid-test ratio 118 to 1 + 2017: 2016: to 1 to 1 2015: