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Simon Companys year-end balance sheets follow.

At December 31	2017			2016			2015
Assets
Cash	$	34,308		$	38,923		$	40,958
Accounts receivable, net		96,509			66,739			54,060
Merchandise inventory		126,245			92,737			58,155
Prepaid expenses		11,048			10,114			4,735
Plant assets, net		301,972			282,937			259,992
Total assets	$	570,082		$	491,450		$	417,900
Liabilities and Equity
Accounts payable	$	139,111		$	83,886		$	56,266
Long-term notes payable secured by mortgages on plant assets		108,247			115,294			91,432
Common stock, $10 par value		162,500			162,500			162,500
Retained earnings		160,224			129,770			107,702
Total liabilities and equity	$	570,082		$	491,450		$	417,900

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.

Compute the current ratio for the years ended December 31, 2017, 2016, and 2015.

Current Ratio
	Choose Numerator:	/	Choose Denominator:	=	Current Ratio
		/		=	Current ratio
2017:		/		=		to 1
2016:		/		=		to 1
2015:		/		=		to 1

Compute the acid-test ratio for the years ended December 31, 2017, 2016, and 2015.

Acid-Test Ratio
	Choose Numerator:					/	Choose Denominator:	=	Acid-Test Ratio
		+		+		/		=	Acid-test ratio
2017:		+		+		/		=		to 1
2016:		+		+		/		=		to 1
2015:		+		+		/		=		to 1

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