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 Current Year 1 Year Ago 2 Years Ago $ 35,594 $ 35,630 $ 30,451 88,255 112,052 9,614 265,619 61,679 81,504 8,977 248,445 $ 505,991 $ 436,199 Liabilities and Equity Accounts payable $ 125,992 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 97,029 $ 74,455 100,326 163,500 97,918 163,500 119,470 $ 505,991 $ 436,199 For both the current year and one year ago, compute the following ratios: 46,082 50,084 4,038 224,066 $ 359,900 $ 48,457 81,129 163,500 66,814 $ 359,900