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 Current Year 1 Year Ago 2 Years Ago Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 34,130 101,946 128,178 $ 41,523 $41,981 70,527 57,688 94,138 60,215 10,879 10,686 4,807 315,139 291,981 268,009 $ 590,272 $508,855 $432,200 $ 149,917 Long-term notes payable 113,191 $87,716 117,037 $ 56,545 95,627 Common stock, $10 par value 162,500 163,500 163,500 Retained earnings 164,664 140,602 117,028 Total liabilities and equity $ 590,272 $508,855 $432,700 For both the current year and one year ago, compute the following ratios Exercise 17-11 (Algo) Analyzing profitability LO P3 The company's income statements for the Current Year and 1 Year Ago, follow