5 ces Use the following information for the Exercises below. (Algo) [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 Current Year 1 Year Ago 2 Years Ago $ 35,660 100,253 128,648 11,828 328,016 $ 604,405 $ 147,487 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 112,492 162,500 181,926 $ 42,100 71,487 97,356 11,161 298,935 $ 521,039 $ 85,414 116,244 162,500 156,881 $ 604,405 $ 521,039 For both the current year and one year ago, compute the following ratios: $ 42,560 57,882 61,046 4,729 263,683 $ 429,900 $ 57,314 92,158 163,500 116,928 $ 429,900 Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Current Year $ 785,727 $ 479,293 243,575 13,357 10,214 746,439 1 Year Ago $ 403,023 156,869 14,261 9,301 $620,036 583,454