Exercise 13-8 Analyzing and interpreting liquidity LO P3 [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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 27,907 89,100 $ 32,621 $ 33,980 62,300 51,000 114,500 84,000 58,000 8,987 237,287 $ 477,781 8,563 3,776 224,396 199,944 $ 411,880 $ 346,700 $ 117,778 $ 68,912 $ 45,307 88,925 162,500 108,578 $ 477,781 93,785 162,500 86,683 75,854 162,500 63,039 $ 411,880 $ 346,700