1:17:48 Exercise 13-11 Analyzing profitability LO P3 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 ences Accounts payable Current Yr 1 Yr Ago 2 Yrs Ago $ 31,800 $ 34,500 $ 38,000 88,300 63,600 56,700 5,840 84,400 57,100 11,155 8,836 4,222 432,905 233,664 223,978 $380,000 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $570,000 $425,000 $143,349 $ 69,670 $ 50,662 108,232 96,772 82,300 162,500 162,500 162,500 155,919 96,058 84,538 $570,000 $425,000 $380,000 For Year Ended December 31 Sales Cost of goods sold The company's income statements for the Current Year and 1 Year Ago, follow. Current Yr $741,000 1 Yr Ago $328,738 $ 505,750 $452,010 Other operating expenses 229,710 Interest expense 12,597 127,955 11,632 Income tax expense 9,633 7,586 Total costs and expenses 703,950 Net income $ 37,050 475,911 $ 29,839 Earnings per share $ 2.28 $ 1.84 Additional information about the company follows. Comman tak markt inn nanambar 21 Current