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 Current Year 1 Year Ago 2 Years Ago $ 40,618 $ 42,742 73,954 93,929 10,985 293,368 $ 34,749 99,695 130,464 11,190 318,813 $ 594,911 $ 512,854 Long-term notes payable Common stock, $10 par value $ 145,170 108,488 162,500 $ 87,539 116,777 178,753 163,500 145,038 Total liabilities and equity $ 594,911 $ 512,854 Retained earnings For both the current year and one year ago, compute the following ratios: 56,990 60,688 4,749 270,931 $ 436,100 $ 55,838 98,306 163,500 118,456 $ 436,100 Exercise 17-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Sales Current Year $ 773.384 1 Year Ago $ 610.296