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 Current Year 1 Year Ago 2 Years Ago Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 32,897 95,345 116,281 10,382 302,666 $ 557,571 105,872 163,500 149,364 $ 138,835 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 38,838 68,639 90,701 9,993 272,494 $ 480,665 $ 82,857 111,658 162,500 123,650 $ 557,571 $ 480,665 For both the current year and one year ago, compute the following ratios: $ 39,655 52,339 57,453 4,540 250,613 $ 404,600 $ 52,339 91,205 162,500 98,556 $ 404,600