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 $ 510,579 $ 125,863 Long-term notes payable 97,909 Common stock, $10 par value 163,500 Retained earnings 123,307 Current Year 1 Year Ago 2 Years Ago $ 36,269 62,238 $ 35,579 50,373 51,033 $ 30,124 87,309 109,774 9,798 273,574 80,614 9,428 251,605 $ 440,154 162,500 3,994 229,521 $ 370,500 $ 50,373 80,243 162,500 77,384 $ 73,642 103,260 100,752 Total liabilities and equity $510,579 $ 440,154 $ 370,500 For both the current year and one year ago, compute the following ratios: