Slmon Company's year-end balance sheets follow. At December 31 2017 2016 2015 ts 32,51e $ 94,223 Cash 39,940 $ 67,859 92,360 39,596 52,272 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 123,303 57,357 4,400 242,375 10,790 9,975 301,431 274,57e 484,704 $ 396,08e Total assets 562,257 Liabilities and Equity 82,734 52,795 142,882 $ Long avable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 104,647 162,5ee 114,826 87,516 162,50e 93,189 162,50e 152,308 124,644 562,257 S 484,704 396,00e Total liabilities and equity 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: to = 2016: to 1 - to 1 2015: Required 1 Required 2 Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Cash Accounts receivable, net Merchandise inventory 39,596 52,272 57,357 32,510 94,223 123,303 39,940 $ 67,859 92,360 242,375 274,57e Plant assets, net 301,431 Total assets 562,257 484,704 396,eee Liabilities and Equity Accounts payable Long-term notes payable secured by 142,802 82,734 52,795 114,826 87,516 162,50e 93,189 484,704 396,eee 184.647 Conmon stock, $1e par value Retained earnings Total liabilities and equity 162,see 152,308 162,50e 124,644 562.257 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 acid-test ratio for the years ended December 31, 2017, 2016, and 2015 Acid-Test Ratio Choose Denominator: = Acid -Test Ratio Choose Numerator: Acid-test ratio to 1 to 1 to 1 2017: 2016: 2015: +