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 $ 36,846 105,734 134,269 11,748 329,729 $ 618,326 $153,963 116,245 $ 41,790 75,372 100,585 11,194 304,099 $533,040 $ 89,183 123,825 163,500 184,618 162,500 157,532 $ 618,326 $533,040 For both the current year and one year ago, compute the following ratios: Exercise 13-8 (Algo) Analyzing and interpreting liquidity LO P3 $ 44,855 57,462 62,446 4,788 274,649 $ 444,200 $ 57,462 99,150 162,500 125,088 $ 444,200 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: