Simon Companys year-end balance sheets follow.

At December 31

2015

2014

2013

Assets

Cash

$

31,800

$

35,625

$

37,800

Accounts receivable, net

89,500

62,500

50,200

Merchandise inventory

112,500

82,500

54,000

Prepaid expenses

10,700

9,375

5,000

Plant assets, net

278,500

255,000

230,500

Total assets

$

523,000

$

445,000

$

377,500

Liabilities and Equity

Accounts payable

$

129,900

$

75,250

$

51,250

Long-term notes payable secured by mortgages on plant assets

98,500

101,500

83,500

Common stock, $10 par value

163,500

163,500

163,500

Retained earnings

131,100

104,750

79,250

Total liabilities and equity

$

523,000

$

445,000

$

377,500

Acid-Test Ratio
	Choose Numerator:					/	Choose Denominator:	=	Acid-Test Ratio
	Cost of goods sold	+	Net sales	+	Current receivables	/	Current assets	=	Acid-test ratio
2015:		+		+		/		=	0	to 1
2014:		+		+		/		=	0	to 1
2013:		+		+		/		=	0	to 1