Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 2015 2014 2013 $ 26,762 $ 30,669 $31,627 75,282 52,597 41,756 98,477 68,793 43,585 8,449 8,050 3,411 235,724 223,248 192,821 $444,694 $383,357 $313,200 $109,622 $ 63,492 $ 40,929 81,094 86,409 71,294 162,500 162,500 162,500 91,478 70,956 38,477 $444,694 $383,357 $313,200 (1) Compute the current ratio for the year ended 2015, 2014, and 2013. 2015: 2014: 2013: Choose Numerator: Current Ratio Choose Denominator: Current assets / Current liabilities Current Ratio Current ratio 11 = 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 Numerator: Cost of goods sold + Net sales Current assets Choose Denominator: Average accounts Acid-Test Ratio - Acid-test ratio receivable, net to 1 2015: 2014: 2013: + + to 1 => to 1