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 Current Year 1 Year Ago 2 Years Ago $ 42,100 71,487 $ 42,560 57,882 61,046 $ 35,660 100,253 128,648 11,828 328,016 $ 604,405 97,356 11,161 298,935 $ 521,039 Liabilities and Equity Accounts payable $ 147,487 Long-term notes payable Common stock, $10 par value Retained earnings 112,492 162,500 181,926 $ 85,414 116,244 162,500 156,881 Total liabilities and equity $ 604,405 $ 521,039 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. For Year Ended December 31 Sales Cost of goods sold 4,729 263,683 $ 429,900 $ 57,314 92,158 163,500 116,928 $ 429,900 Current Year $ 785,727 1 Year Ago $ 620,036 $479,293 $ 403,023