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 2017 2016 2015 $ 31,298 $ 37,704 $ 38,890 93,488 64,023 51,854 118,70784,60155,219 10,285 9,799 4,234 287,521 270,510 246, 603 $541,299 $466,637 $396,800 $130,740 $ 76,496 $ 53,425 mortgages on plant assets Common stock, $10 par value Retained earnings Total 11abilities and equity 100,747107,32786,816 162, 500 162,500 162, 500 147,312 120,31494,059 $541,299 $466,637 $396,800 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 Required 1 Required 2 Compute the acid-test ratio for the years ended December 31, 2017, 2016, and 2015 Acid-Test Ratio I Choose Denominator: Acid-Test Ratio Acid-test ratio Choose Numerator: 2017: 2016: 2015: 0 to 1 0 to 1 0 to 1 Complete this question by entering your answers in the tabs below. Required 1Required 2 Compute the current ratio for the years ended December 31, 2017, 2016, and 2015. Current Ratio Choose Numerator: Choose Denominator: Current Ratio 2017: 2016: 2015: Current ratio 0 to 1 0 to 1 0 to 1