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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,
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 Current Year 1 Year Ago 2 Years Ago $ 37,935 $ 32,782 93,111 119,458 10,346 299,922 $ 555,619 67,057 89,498 9,757 274,735 $ 478,982 $ 39,516 53,210 55,557 4,347 242,570 $ 395,200 $ 51,645 89,086 162,500 Accounts payable Long-term notes payable $ 141,116 103,412 $ 81,757 110,166 Common stock, $10 par value 163,500 162,500 Retained earnings 147,591 124,559 Total liabilities and equity $555,619 $478,982 $ 395,200 91,969 For both the current year and one year ago, compute the following ratios:
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