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Simon Company's year-end balance sheets follow Assets Cash Accounts receivable, net Prepaid expenses lant asets, net Tetal assets Lisbilities and Eqpity 9, 500 2,50050,200 112,

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Simon Company's year-end balance sheets follow Assets Cash Accounts receivable, net Prepaid expenses lant asets, net Tetal assets Lisbilities and Eqpity 9, 500 2,50050,200 112, 500 82,500 54,000 10,700 9,755,000 278,500 255,000 230.500 522,000 445,000 $ 77,500 129.900 75,2s0 1.250 Long-term sotes payable secuzed by ,500 101 500 2, 500 62,500 163,500 163,500 Common stock. $10 par value Betained eaonings 1.100 104.750 720 1 Compute the cunent rato 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 belo Required 1 Required 2 Compute the current ratio for the years ended December 31, 2017,2016, and 2015 Current Ratio Current Ratio Current ratio 0 to 1 0 to 1 Choose Accounts receivable Net sales 2017 2016 2015 Complete this question by entering your answers in the tabs below. Required Required 2 Compute the acid-test ratio for the years ended December 31. 2017,2016. and 2015. Choose DenominatorAcid-Test Ratio Shon-rerm nvest Cost of goods soldNet saies Current lablites Asid-test ratio 2017 2015 2015

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