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 Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 594,106 $ 150,891 Long-term notes payable. 111,692 $ 85,689 115,441 $ 34,702 99,560 126,455 11,401 321,988 $ 40,973 73,136 95,697 10,970 291,384 $512,160 $ 42,689 58,080 61,855 4,792 272,584 $440,000 $ 57,499 98,212 Common stock, $10 par value 162,500 163,500 162,500 Retained earnings 169,023 147,530 121,789 Total liabilities and equity $ 594,106 $512,160 $440,000 For both the current year and one year ago, compute the following ratios: Fxercise 17-10 (Algo) Analyzing efficiency and profitability LO P3