of 5 Required information Use the following information for the Exercises below. (Static) [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 Current Year 1 Year Ago $ 35,625 62,500 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 129,900 98,500 82,500 9,375 255,000 $445,000 $ 75,250 101,500 163,500 131,100 163,500 104,750 $ 523,000 $ 445,000 For both the current year and one year ago, compute the following ratios: 2 Years Ago $ 37,800 50,200 54,000 5,000 230,500 $ 377,500 $ 51,250 83,500 163,500 79,250 $ 377,500 Liabilities and Equity Accounts payable