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 $ 26,182 $ 31,222 $ 31,567 75, 117 55,180 42,506 99,264 72,202 43,933 8,687 7,871 3,542 238,994 219,942 194,152 $ 448,244 $ 386,417 $ 315,700 $ 110,497 $ 65,304 $ 40,839 82,584 89, 765 68,374 162,500 162,500 162,500 92,663 68,848 43,987 $ 448,244 $ 386,417 $ 315,700 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. Required 1 Required 2 Compute the current ratio for the years ended December 31, 2017, 2016, and 2015. Current Ratio Choose Numerator: Choose Denominator: 1 1 2017: 2016: Current Ratio Current ratio to 1 to 1 to 1 / 2015: 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 $ 26,182 $ 31,222 $ 31,567 75, 117 55,180 42,506 99,264 72,202 43,933 8,687 7,871 3,542 238,994 219,942 194,152 $ 448, 244 $ 386, 417 $ 315,700 $ 110,497 $ 65,304 $ 40,839 82,584 89,765 68,374 162,500 162,500 162,500 92,663 68,848 43,987 $ 448,244 $ 386,417 $ 315,700 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. 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: = Acid-Test Ratio Acid-test ratio to 1 1 to 1 2017: + 1 2016: + 1 2015: + to 1