Business, 13.05.2020 14:57 kimjooin02

At December 31 2017 2016 2015 Assets Cash $ 28,269 $ 34,393 $ 35,489 Accounts receivable, net 82,769 60,778 46,841 Merchandise inventory 103,016 79,534 51,932 Prepaid expenses 9,382 9,028 4,103 Plant assets, net 265,485 237,751 223,735 Total assets $ 488,921 $ 421,484 $ 362,100 Liabilities and Equity Accounts payable $ 125,394 $ 71,231 $ 47,797 Long-term notes payable secured by mortgages on plant assets 89,160 94,033 79,224 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 111,867 93,720 72,579 Total liabilities and equity $ 488,921 $ 421,484 $ 362,100 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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At December 31 2017 2016 2015 Assets Cash $ 28,269 $ 34,393 $ 35,489 Accounts receivable, net 82,769...

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