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Simon Companys year-end balance sheets follow.
| At December 31 | 2017 | 2016 | 2015 |
| Assets | | | | | | | | | |
| Cash | $ | 27,923 | | $ | 33,985 | | $ | 32,679 | |
| Accounts receivable, net | | 85,935 | | | 58,886 | | | 45,369 | |
| Merchandise inventory | | 105,949 | | | 76,257 | | | 47,839 | |
| Prepaid expenses | | 9,270 | | | 8,833 | | | 3,743 | |
| Plant assets, net | | 258,832 | | | 242,650 | | | 210,670 | |
| Total assets | $ | 487,909 | | $ | 420,611 | | $ | 340,300 | |
| Liabilities and Equity | | | | | | | | | |
| Accounts payable | $ | 119,060 | | $ | 71,083 | | $ | 46,267 | |
| Long-term notes payable secured by mortgages on plant assets | | 92,644 | | | 93,838 | | | 75,206 | |
| Common stock, $10 par value | | 162,500 | | | 162,500 | | | 162,500 | |
| Retained earnings | | 113,705 | | | 93,190 | | | 56,327 | |
| Total liabilities and equity | $ | 487,909 | | $ | 420,611 | | $ | 340,300 | |
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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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