December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash 5.8 % 6.9 X % 7.2 X % Accounts receivable, net 17.1 11.9 X 9.8 X Merchandise inventory 21.5 V 16.4 X 10.2 X Prepaid expenses 1.9 1.8 X 0.8 X Plant assets, net 53.8 49.1 X 44.6 X Total assets 100.0 % 100.0 V % 100.0 % Liabilities and Equity Accounts payable 25.6 V % 14.9 X % 9.9 X % Long-term notes payable secured by 18.6 V 20.4 X 15.7 X mortgages on plant assets Common stock, $10 par 34.3 V 34.3 X 34.3 X Retained earnings 21.4 16.6 X 12.7 X Total liabilities and equity 100.0 V % 100.0 V % 100.0 % simon company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 27,562 $ 32, 874 $ 34, 244 Accounts receivable, net 81 , 512 56, 955 46, 572 Merchandise inventory 102 , 486 78, 303 48 , 627 Prepaid expenses 8 , 876 8 , 630 3 , 843 Plant assets, net 256, 242 234, 167 212, 614 Total assets $ 476, 678 $ 410 , 929 $ 345 , 900 Liabilities and Equity Accounts payable $ 122, 254 $ 70, 836 $ 47, 029 Long-term notes payable secured by mortgages on plant assets 88 , 719 97, 349 74 , 915 Common stock, $10 par value 163, 500 163, 500 163 , 500 Retained earnings 102, 205 79 , 244 60 , 456 Total liabilities and equity $ 476, 678 $ 410, 929 $ 345 , 900