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 $ 28,905 $ 34,470 $ 35,551 87,161 61,517 47,401 107,461 80,501 51,502 9,403 9,048 3,990 261,939 241,075 220,656 $ 494,869 $ 426,611 $ 359,100 $ 126,919 $ 74,260 $ 45,979 93,035 98,121 77,774 162,500 162,500 162,500 112,415 91,730 72,847 $ 494,869 $ 426,611 $ 359,100 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 2017: 2016: 2015: to 1 Required 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-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,905 $ 34, 470 $ 35,551 87,161 61,517 47,401 107,461 80,501 51, 502 9,403 9,048 3,990 261,939 241,075 220,656 $ 494,869 $ 426,611 $ 359,100 $ 126,919 $ 74,260 $ 45,979 93,035 162,500 112,415 $ 494.869 9 8,121 77,774 162,500 162,500 91,730 72,847 $ 426,611 $ 359,100 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 2017: 2016: 2015: