Required information Exercise 13-8 Liquidity analysis and interpretation 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 Liabilities and Equity Accounts payable Long-term notes payable secured by 20172016 2015 89, 500 112, 500 10, 700 278,500 31, 800 $ 35, 625 62, 500 82, 500 9,375 255,000 37, 800 50, 200 54,000 5, 000 230, 500 $523, 000 $445, 000 $377,500 $129, 900 75, 250 S 51, 250 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 101,500 83, 500 163,500 163, 500 104, 75079, 250 $523, 000 $445, 000 $377,500 98, 500 163, 500 131, 100