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 $ 26,1225 30,846 $ 34,119 79,574 53,981 44,167 97,135 70,612 47,513 8,498 8,261 3,791 240,461 225, 274 205,010 $ 451,799 $ 389,474 $ 334,600 $ 114,746 $ 65,821 $ 43,726 86,635 87,787 73,947 162,500 162,500 162,500 87,909 73,366 54,427 $ 451,790 5 389,474 $ 334,600 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. Required 1 Required 2 Compute the current ratio for the years ended December 31, 2017, 2016, and 2015. Current Ratio Choose Denominator: Choose Numerator: 2017: 2016: 2015: Current Ratio Current ratio to 1 to 1 to 1 Required 2 > 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-tern notes payable secured by mortgages on plant assets Connon stock, $10 par value Retained earnings Total liabilities and equity $ 26,122 $ 30,846 $ 34,119 79,574 53,981 44,167 97,135 70,612 47,513 8,498 8,261 3,791 240,461 225,774 205,010 $ 451,790 $ 389,474 5 334,600 $ 114,746 $ 65,821 $ 43,726 86,635 87,787 73,947 162,500 162,500 162,500 87,909 73,366 54,427 $ 451,799 $ 389,474 $ 334,600 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. 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: . . 2017: 2016 2015: Acid Test Ratio Add-test ratio to 1 to 1 to 1 + . +