14 Simon Company's year-end balance sheets follow. At December 31 Asseto Current 1 Yr Me 2 Tengo art 3 of 3 $. 32.200 80,600 112,500 10,850 276,000 $520, 150 5.35,250 93.400 2,000 50,000 83,000 54.000 9.500 1,900 251, 500 227.000 $442,050 373,300 23 Dints Accounts receivable, net Merchandise inventory Prepaid expenses plant assets.net Total anseta Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock. $10 par value Betained earnings Total liabilities and equity $128.400 $ 75,000 S 51,200 Book Print 97.000 164,000 130.750 5520,150 98, 250 83,600 164.000 154,000 104,100 74,500 $442,0505 373,300 References The company's income statements for the Current Year and 1 Year Ago, follow. Yor Year Ended teceber 31 Salon Cost of goods sold other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earninga peshare Current YE $945,000 $454, 450 238, 400 12.100 9.500 714, 450 5 30.550 1 Yeo S500,000 $391,200 133,400 13,200 3.700 526,500 $ 53,500 $ 3.26 5 For both the Current Year and 1 Year Ago, compute the following ratios: 14 Next > of 15 !! 14 of 15 Next > of 15 : ME Graw HA C . Type here to search