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Simon Companys year-end balance sheets follow. 2018 2017 2016 At December 31 Assets Cash Accounts receivable, net Merchandis

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the current ratio for the ye

2. Coule ule aliu-lest ratio for the years ended December 31, 2018, 2017 and 2016. Complete this question by entering your an

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Answer #1

Current ratio Choose Numerator / Choose Denominator = Current assets / Current liabilities 2018 232,898 / 122,805 = 2017 181,

Acid-Test ratio Choose Numerator / Choose Denominator = Cash + Accounts receivable + Leave blank / Current liabilities 2018 2

Working note:

Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets 2018 28,805 85,188 109,250 9,655 23

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