11 2017 2016 2015 $ 35,209 $ 40,748 $ 41,206 104,067 71,310 55,485 127,033 97,058 59,689 11,451 10,483 4,488 313,093 289,757 251, 232 $ 590, B53 $ 509,356 $ 412,100 00:32:05 at December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total asseto Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained carnings Total abilities and equity $ 151,536 $ 86,942 $ 56,029 114,413 114,809 91,985 162,500 162,500 162,500 162, 404 145, 105 101,586 $ 590,853 5 509,356 $ 412,100 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 to 1 to 1 2017: 2016: 2015: to 1 2017 2016 2015 At December 31 Assets Canh Accounts receivable, net Morchandise Inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term fotes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total Ilabilities and equity $35,209 $ 40,748 $ 41,206 104,067 71,310 55.485 127,033 97,058 59,689 11, 451 10,483 4.488 313,093 209,757 251,232 $ 590,853 $ 509,356 $ 412,100 $ 151,536 $ 86,942 $ 56,029 114,413 114,809 91.985 162,500 162,500 162,500 162,404 145, 105 103,586 $ 590,653 6 509,356 $ 412.100 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 Numerator: Choose Denominator: 2017: Acid-Test Ratio Acid-test ratio to 1 to 1 to 1 2016: 2015: +++ Required 1