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 20172016 201 $ 31,800 35,625 $ 37,800 89,500 62,500 50,200 112,500 82,500 54,000 5,000 278,500 255,000 230,500 10,700 9,375 $523,000 $445,000 $377,500 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 75,250 $ 51,250 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,500 101,500 83,500 163,500 163,500 163,500 131,100 104,750 79,250 $523,000 $445,000 $377,500 Compute the current ratio for the year ended 2017, 2016, and 2015 . 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. Choose Numerator Choose Denominator Current Ratio Current ratio Prev 1 of 4 Next > $129,900 75,250 51,250 Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,500 101,500 83,500 163,500 163,500 163,500 79,250 131,100 104,750 $523,000 $445,000 377,500 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: 2016 2015 to 1 to 1 to 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. Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio 2017 2016 2015: to 1 to to 1 Required 1