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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 sheets
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. For both the current year and one year ago, compute the following ratios: Note: Do not round intermediate calculations and round your final percericage disvreis SIMON COMPANY Common-Size Comparative Balance Sheets \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ December 31} \\ \hline & \multicolumn{2}{|l|}{ Current Year } & 1 Year Ago & \multicolumn{2}{|l|}{2 Years Ago } \\ \hline Assets & & & & & \\ \hline Cash & % & % & % & P & % \\ \hline Accounts receivable, net & & & & F & \\ \hline Merchandise inventory & & & & r & \\ \hline Prepaid expenses & & & & P & \\ \hline Plant assets, net & 7 & & & F & \\ \hline Total assets & % & % & % & % & % \\ \hline Liabilities and Equity & & & & & \\ \hline Accounts payable & \% & % & % & % & % \\ \hline Long-term notes payable & & & & 3 & \\ \hline Common stock, $10 par & & & & 7 & \\ \hline Retained earnings & 7 & & 7 & P & \\ \hline Total liabilities and equity & & % & % & E & % \\ \hline \end{tabular}
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