Use the following information for the Exercises below. (Aigo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. s 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 $ 35,660 100,253 $ 42,100 128,648 11,828 328,016 $ 604,405 $ 147,487 112,492 71,487 97,356 11,161 298,935 $ 521,039 $ 85,414 116,244 162,500 156,881 162,500 181,926 $604,405 $ 521,039 For both the current year and one year ago, compute the following ratios: $ 42,560 57,882 61,046 4,729 263,683 $ 429,900 $ 57,314 92,158 163,500 116,928 $ 429,900 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 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Year $ 785,727 $ 479,293 243,575 13,357 10,214 1 Year Ago $ 620,036 746,439 $ 39,288 $ 403,023 156,869 14,261 9,301 583,454 $ 36,582