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Simon Companys year-end balance sheets follow 2018 2017 At December 31 Assets 2016 $ 31,800 $ 35,625 $ 37, 800 89,500 62,500

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Answer #1
Choose numerator / Choose Denominator = Current ratio
Current assets / Current liabilities = Current ratio
2018 244500 / 129,900 = 1.88 to 1
2017 190000 / 75,250 = 2.52 to 1
2016 147000 / 51,250 = 2.87 to 1
current assets = total assets -PP&E
Acid test ratio
Choose Numerator Choose Denominator
cash + short term investment    + Current     
Receivable / current liabilities    = Acid test ratio
2018 31,800 + 0 + 89500 / 129,900 = 0.93 to 1
2017 35,625 + 0 + 62500 / 75,250 = 1.30 to 1
2016 37800 + 0 + 50,200 / 51,250 = 1.72 to 1
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