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 $ 34,142 $ 40,715 $ 41,571 97,954 69,135 58,286 125,672 94,153 61,472 11,106 10, 264 4,667 315,645 289,629 266,904 $ 584,519 $ 503, 896 $ 432,900 $ 142,634 $ 83,455 $ 57,714 107,692 113,578 92,801 162,500 162,500 162,500 171,693 144, 363 119,885 $ 584,519 $ 503,896 $ 432,900 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: Choose Numerator: Current Ratio Current ratio 1 2017: 1 = to 1 / to 1 2016: 2015: / to 1 Required 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-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 34,142 $ 40,715 $ 41,571 97,954 69,135 58,286 125,672 94,153 61,472 11,106 10, 264 4,667 315, 645 289,629 266,904 $ 584,519 $ 503,896 $ 432,900 $ 142,634 $ 83,455 $ 57,714 107,692 113,578 92,801 162,500 162,500 162,500 171,693 144,363 119,885 $ 584,519 $ 503,896 $ 432,900 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: 1 Choose Denominator: 1 ! + 2017: 2016: 2015: Acid-Test Ratio = Acid-test ratio to 1 to 1 to 1 + + + 1 =