1 2 of 3 Required information [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 $ 30,600 $ 36,500 63,500 $ 38,400 Book rint Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings rences Total liabilities and equity 89,100 110,000 10,450 282,000 82,000 9,250 255,000 $ 522,150 $ 446,250 $ 128,800 96,000 164,000 133,350 $ 74,500 99,250 164,000 108,500 $ 522,150 $ 446,250 50,000 52,000 4,700 227,000 $ 372,100 $ 51,000 82,800 164,000 74,300 $ 372,100 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Current Year $ 755,000 $ 445,450 241,600 1 Year Ago $ 540,000 Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 12,200 9,450 708,700 $ 46,300 $ 2.82 $ 345,600 124,200 13,000 8,750 491,550 $ 48,450 $ 2.95 For both the Current Year and 1 Year Ago, compute the following ratios: < Prev 11 12 of 12 Next >