Required information Exercise 13-10 Efficiency and profitability analysis LO P3 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 2017 2016 2015 S 31, 800 35, 625 $ 37,800 89, 500 62,500 50, 200 112, 500 82, 500 54, 000 10, 700 9, 375 5,000 278, 500 255,000 230, 500 $523,000 $445,000 $377, 5 Liabilities and Equity Accounts payable Long-term notes payable secured by $129, 900 75, 250 51, 250 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98, 500 163, 500 131, 100 $523, 000 101,500 163, 500 104, 750 83, 500 163, 500 79,250 $377, 500 $445, 000 The company's income statements for the years ended December 31. 2017 and 2016. foll