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Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 28,582

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Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 28,582 $ 84,529 105,216 9,674 266,320 34,432 $ 58,466 77,259 8,949 247,033 $ 494,321 $ 426,139 $ 351,600 35,156 46,411 49,428 3,790 216,815 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $ 123,086 $ 74,178 47,339 es 92,003 162,500 116,732 $ 494,321 $ 426,139 100,952 162,500 88,509 76,927 162,500 64,834 351,600 Total liabilities and equity 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 Denominator Choose Numerator: Current Ratio Current ratio 2017: / to 1 2016: / to 1 2015: to 1 Required 1 Required 2 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 Denominator Acid-Test Ratio Choose Numerator: Acid-test ratio to 1 2017: to 1 2016: to 1 2015: e d Required 1

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