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At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net...

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Accounting

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At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 $ 27,63032,617 $32,317 43,090 47,300 3,737 206,656 $ 463,675 * 399,720 333,100 57,640 75,427 8,394 249, 282225,642 80,081 97,696 8,986 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 114,301 $ 68,904 $43,890 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 72,143 162,500 55,367 463,675 399,720 $333,100 90,097 162,500 162,500 78,219 88,043 98,831 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 Required 2 Compute the current ratio for the years ended December 31, 2017, 2016, and 2015 Current Ratio Choose Denominator: Choose Numerator Current Ratio 2017 2016 2015 Current ratio to 1 to 1 to 1 Accounts receivable Cost of goods sold Current assets Current liabilities Required 1 Required 2 >

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