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 Plant assets, net Total assets Current Year 1 Year Ago 2 Years Ago $ 36,846 105,734 134,269 11,748 329,729 $ 41,790 $ 44,855 75,372 100,585 57,462 62,446 11,1941 304,099 $ 533,040 $ 89,183 123,825 162,500 4,788 274,649 $444,200 $ 57,462 $ 618,326 Liabilities and Equity Accounts payable $ 153,963 Long-term notes payable Common stock, $10 par value 116,245 163,500 Retained earnings 184,618 157,532 Total liabilities and equity $ 618,326 $533,040 $ 444,200 99,150 162,500 125,088 For both the current year and one year ago, compute the following ratios: Exercise 13-11 (Algo) Analyzing profitability LO P3 The company's income statements for the Current Year and 1 Year Ago, follow.