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Check my work Check My Work button is now enabledItem 6Item 6 2.57 points Exercise 13-7 Liquidity analysis LO P3 Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 34,027 $ 40,172 $ 41,846 Accounts receivable, net 99,606 70,301 55,794 Merchandise inventory 121,516 93,817 61,210 Prepaid expenses 10,848 10,232 4,604 Plant assets, net 310,729 282,656 255,046 Total assets $ 576,726 $ 497,178 $ 418,500 Liabilities and Equity Accounts payable $ 143,605 $ 85,704 $ 54,137 Long-term notes payable secured by mortgages on plant assets 110,593 116,638 91,564 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 160,028 132,336 110,299 Total liabilities and equity $ 576,726 $ 497,178 $ 418,500 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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Check my work Check My Work button is now enabledItem 6Item 6 2.57 points Exercise 13-7 Liquidity an...
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