! Required information Use the following information for the Exercises below. (Algo) [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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 26,029 76,934 95,791 8,382 229,668 $ 436,804 $ 109,852 83,762 163,500 79,690 $ 30,124 53,245 70,359 8,066 214,761 $ 376,555 $ 65,547 88,340 163,500 59,168 $ 436,804 $ 376,555 For both the current year and one year ago, compute the following ratios: $ 32,017 40,998 45,014 3,557 198,614 $ 320,200 $ 42,266 72,887 162,500 42,547 $ 320,200 Exercise 17-7 (Algo) Analyzing liquidity LO P3