0 103 Required information The following information applies to the questions displayed below.) Simon Company's year end balance sheets follow Current Yr 1 Yr Ago 2 yrs Ago 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 mortgages on plant assets Common stack, 510 par value Retained earnings Total liabilities and equity $ 29,264 83,136 103,472 9,611 265,605 $491,088 $ 33,529 5 33,543 59,269 45,185 78,320 53,089 3,713 3,765 243,521 215,218 $ 423,3525 349,300 Book Hint $125,949 5 70,831 $ 45,647 98,345 77.967 162,500 162,500 Print 14,171 162,500 108,460 $491,085 423,352 $ 149,00 0 rences The company's income statements for the Current Year and 1 Year Ago follow For Year Ended December 31 Current y 1 Ye Ago Sales 5638,414 5503,709 Cost of goods sold 5389,433 $327,463 other operating expenses 197,908 127,459 Interest expense 10,853 11,587 Income tax expense 3.299 Total costs and expenses 606,493 424.056 Net Income $ 31,921 $ 29,723 Earnings per share $ 1.96 $ 1:33 For both the current Year and 1 Year Ago, compute the following ratios (1) Debt and equity ratios Debt Ratio 197,988 10,853 8,299 operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 127,459 11,587 7,557 ook 606,493 $ 31,921 1.96 474,066 $ 29,723 $ 1.83 Hint For both the Current Year and 1 Year Ago, compute the following ratios: Print (1) Debt and equity ratios erences Choose Numerator: Total liabilities Current Year: 1 Year Ago: Debt Ratio 1 Choose Denominator: Debt Ratio Total assets Debt ratio is 491,088 15 423,352= Enuity Rotle Choose Denominator: Equity Ratio Total assets = Equity ratio is 491,088 = 15 423 352) = % Choose Numerator: Total equity Current Year: 1 Year Ago