Simon Companys year-end balance sheets follow.

At December 31	2017			2016			2015
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

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: + Current assets + Net sales 1. 31,800 + $ 523,000 + $ 89,500 35,625 + | $ 445,000| + | $ 62,500 37,800 + $ 377,500 + $ 50,200 Cash 2017: | $ 2016: | $ 2015: $ Choose Denominator: = Current liabilities | = $ 129,900) = $ 75,250 $ 51,250 = Acid-Test Rati Acid-test ratio 4.96 to 1 7.22 to 1 9.08 to 1 + + +