7 Part 6 of 6 1.87 points 041231 Book H Print Herences Required information [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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago 278,500 $ 523,000 255,000 $445,000 50,200 54,000 $31,000 89,500 $ 35,625 $ 37,800 62,500 112,500 82,500 10,700 9,375 5,000 230,500 $377,500 $ 75,250 101,500 163,500 163,500 $51,250 83,500 163,500 131,100 104,750 79,250 $ 523,000 $445,000 $377,500 $ 129,900 98,500 For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Sales Cost of goods sold, Other operating expenses. Interest expense Tncome far evnence Current Year $ 673,500 $ 411,225 209,550 12,100 9.525 1 Year Ago $532,000 $ 345,500 134,980 13,300 R.845 Check my wow