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 28,539 $ 35,423 $ 35,115 86,127 59,584 47.289 106,144 79,53148,856 9,570 9,208 3,941 268, 299 246,150 219,499 $ 498,679 $ 429,896 $ 354,700 $ 125,413 $ 72,652 $ 46,820 95,627 100,854 76,821 162,500 162,500 162,500 115,139 93,890 68,559 $ 498,679 $ 429,896 $ 354,700 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. 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 Choose Denominator: Current liabilities Choose Numerator: Current assets 2017: 2016: 2015: Current Ratio Current ratio to 1 to 1 to 1 Required 2 > 1. Lumpuleur Luiler TUU TOI ure yedi E U ZUH, ZUID, ZUID. 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: ET - Acid Test Ratio Acid-test ratio = 0 to 1 0 to 1 2017: TT 2016: - - 2015: o go