12 2 of 5 Book Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Current Year 1 Year Ago $31,800 89,500 $35,625 9,375 112,500 10,700 278,500 62,500 82,500 255,000 $445,000 2 Years Ago $17,800 50,200 54,000 5,000 230,500 $377,500 $ 523,000 $ 129,900 $75,250 98,500 101,500 $51,250 83,500 163,500 163,500 163,500 131,100 184,750 79,250 $ 523,000 5 445,000 $377,500 ances Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: Exercise 17-9 (Static) Analyzing risk and capital structure LO P3 Check my work