Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Yr 1 Yr Ago 2 Yrs Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 30,000 88,700 111,500 $ 35,000 $ 38,000 62,500 49,500 83,400 54,500 10,600 9,500 4,100 Plant assets, net 281,000 248,500 227,000 Total assets $521,800 $438,900 $373,100 Liabilities and Equity Accounts payable $129,200 $ 76,000 $ 50,400 Long-term notes payable secured by mortgages on plant assets 97,000 99,750 83,400 Common stock, $10 par value 161,000 161,000 161,000 Retained earnings 134,600 102,150 78,300 Total liabilities and equity $521,800 $438,900 $ 373,100 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago For Year Ended December 31 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Total costs and expenses Net income Earnings per share Current Yr $785,000 $590,000 $463,150 $371,700 243,350 11,400 9,500 727,400 $ 57,600 141,600 13,200 8,875 535,375 $ 54,625 3.58 $ 3.39 For both the Current Year and 1 Year Ago, compute the following ratios: