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Simon Companys year-end balance sheets follow. At December 31 2015 2014 2013 Assets Cash $ 26,164 $ 30,278 $ 31,221 Accounts receivable, net 78,108 55,127

image text in transcribedSimon Companys year-end balance sheets follow.
At December 31 2015 2014 2013
Assets
Cash $ 26,164 $ 30,278 $ 31,221
Accounts receivable, net 78,108 55,127 41,203
Merchandise inventory 98,206 70,725 44,782
Prepaid expenses 8,173 7,948 3,575
Plant assets, net 232,815 218,220 201,019
Total assets $ 443,466 $ 382,298 $ 321,800
Liabilities and Equity
Accounts payable $ 109,319 $ 63,962 $ 43,327
Long-term notes payable secured by mortgages on plant assets 80,870 85,291 70,407
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 90,777 70,545 45,566
Total liabilities and equity $ 443,466 $ 382,298 $ 321,800
(1)Compute the current ratio for the year ended 2015, 2014, and 2013 Current Ratio Choose Numerator Current assets | / Current liabilities | | Current ratio Choose Denominator: Current Ratio 2015: 2014: 2013: 0 to 1 0 to 1 0 to 1 (2)Compute the acid-test ratio for the year ended 2015, 2014, and 2013 Acid-Test Ratio Choose Denominator: Acid-Test Ratio Choose Numerator: hort-ternm investments urrent receivables Cash / Current liabilities | | Acid-test ratio 2015: 2014: 2013: 0 to 1 0 to 1 0 to 1

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