Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below. Simon Company's yea-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 2017 2016 2015 31,800 35, 625 $ 37,800 62, 500 112, 500 82,500 54, 000 10, 700 9, 375 5, 000 278,500 255,000 230,500 89, 500 50, 200 $523, 000 $445, 000 $377, 500 $129, 900 75, 250 s 51, 250 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98, 500 163, 500 101,500 163, 500 83, 500 163, 500 131,100204,75079, 250 $523, 000 $445, 000 $377, 500 The company's income statements for the years ended December 31, 2017 and 2016, follow