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Question: er 13 assignment saved simon companys yearend balance sheets follow...

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er 13 Assignment。 Saved Simon Companys year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 29,155 s 32,73e 34,197 85,337 59,639 46,395 198,347 76,468 5,404 3,751 256,846 244,259 213,343 489,260 421,776 348,eee 9,575 8,680 s 119,389 7e,567 $44,558 mortgages on plant assets 91,981 98,949 76,988 162,5e 162,588 162,see 64,834 489, 268 $ 421,776 348,eee ock, $1e par value Common st Retained earnings Total liabilities and equity 115,399 89,76e 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: s Current Ratio Current ratio 2017 2016 2015 to 1 to 1 to 1 < Prev 4 of 7 Next > ere to search 4

Simon Companys year end balance sheets follow Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by $ 29,155 % 32,730 S 34,187 46,395 50,404 3,751 256,846 244,259 213,343 $ 489,268 421,776 348,eee 85,337 188, 347 9,575 59,639 76,468 8,688 s 119, 389 7e,567 44,558 nortgages on plant assets Common stock, $1e par value 91,981 98,949 76,988 162,580 162,588 162,588 115,390 黎489, 268 421,776 otal liabilities and equity 348,099 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 acid-test ratio for the years ended December 31, 2017, 2016, and 2015 - Acid-Test Rab Acid-best rati 2017 2016 2015 to 1 to 1 Prev 4 of7Nex> re to search

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