work i Saved 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 Total assets Current Year 1 Year Ago 2 Years Ago $ 40,690 71,207 $ 34,465 100,890 121,827 11,432 315,546 Plant assets, net $ 584,160 Liabilities and Equity Accounts payable $ 145,456 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 110,920 163,500 164,284 94,095 10,470 287,124 $ 503,586 $ 83,404 114,667 162,500 143,015 $ 584,160 $ 503,586 For both the current year and one year ago, compute the following ratios: $ 41,957 55,943 59,591 4,479 253,530 $ 415,500 $ 54,298 89,989 163,500 107,713 $ 415,500 Exercise 13-6 (Algo) Common-size percents LO P2 1. Express the balance sheets in common-size percents.