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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
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 $ 32,462 97,925 $ 39,106 69,114 121,915 88,643 $ 40,341 53,239 59,044 10,987 298,141 $ 561,430 $138,398 108,715 $ 483,991 $ 83,430 112,431 163,500 $ 55,983 93,730 162,500 9,961 4,711 277,167 258,465 $415,800 163,500 150,817 124,630 103,587 $ 561,430 $ 483,991 $415,800 For both the current year and one year ago, compute the following ratios:
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