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Simon Company's year-end balance sheets follow t December 31 Assets Cash $ 31,458 $ 37,586 $ 39,452 Accounts receivable, net Merchandise inventory Prepaid expenses Plant

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Simon Company's year-end balance sheets follow t December 31 Assets Cash $ 31,458 $ 37,586 $ 39,452 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 64,993 9,942 $ 533,179 $ 459,637 91,174 114,633 9,928 285,986 51,582 53,841 4,171 237,854 386,90e 263,864 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 131,434 $ 78,455 $50,049 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,233 103,602 84,650 162,500 162,500162,50e 141,012115,080 $ 533,179 $ 459,637 89.701 386,900 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

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