Question: Hi could you please answer this question as fast as possible? My test is timed. Simon Company's year-end balance sheets follow 217 2016 2015 At
Hi could you please answer this question as fast as possible? My test is timed.



Simon Company's year-end balance sheets follow 217 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $27,212 $32,123 $ 31, 216 42,462 44,775 3,433 196,614 $ 456,653 $ 393,666 $ 318, 500 77, 307 98,180 8,590 245,364 56,767 74,285 8,267 222, 224 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 115,981 $65,864$41, 201 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 68,277 162,500 46, 522 $ 456,653 $ 393,666 $ 318, 500 88,426 162,50e 89,746 92, 354 162,50e 72,948 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
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