Use the following information for the Exercises below. (Static) [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 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 31,800 89,500 112,500 $ 35,625 $ 37,800 10,700 278,500 $ 523,000 $ 129,900 98,500 62,500 82,500 9,375 255,000 $ 445,000 $ 75,250 101,500 163,500 104,750 163,500 131,100 $ 523,000 $ 445,000 For both the current year and one year ago, compute the following ratios: 50,200 54,000 5,000 230,500 $ 377,500 $ 51,250 83,500 163,500 79,250 $ 377,500 OMMON-O12 Comparative Dalance Onects December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash 6.1 % 8.2 % 10.2% Accounts receivable, net 16.9 14.3 13.3 Merchandise inventory 20.9 18.3 14.1 Prepaid expenses 2.0 2.1 1.1 Plant assets, net 54.2 57.1 61.3 100.0% 100.0 % 100.0% Total assets Liabilities and Equity Accounts payable 25.1 % 17.1% 13.6 % Long-term notes payable 18.8 22.5 22.5 Common stock, $10 par 27.2 31.8 39.0 Retained earnings 28.8 28.6 24.9 Total liabilities and equity 100.0 % 100.0 % 100.0%