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 Current Year 1 Year Ago 2 Years Ago $ 33,265 95,467 117,654 $ 38,121 $ 40,115 65,378 10,817 295,554 100,801 163,500 153,572 87,274 9,907 275,835 For both the current year and one year ago, compute the following ratios: 53,486 55,812 4,546 251,241 $ 405,200 $ 52,417 88,654 162,500 101,629 $ 405,200 $ 552,757 $ 476,515 $ 134,884 Long-term notes payable Common stock, $10 par value Retained earnings $ 82,142 110,694 163,500 120,179 Total liabilities and equity $ 552,757 $ 476,515