2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 31,340 $ 37,732 $ 88,108 66,032 115,347 86.409 9,891 9,328 286,499 258,417 38,168 52,967 55,304 4,414 242,547 Total assets $393,400 $ 531,185 $ 457,918 - $ 134,910 $ 78,936 $ 51,410 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 101,860 162,500 131,915 102,162 162,500 114,320 86,072 162,500 93,418 Total liabilities and equity $ 531,185 $ 457,918 $393,400 The company's income statements for the years ended December 31, 2015 and 2014, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes 2015 $690,541 $421,230 214,068 11,739 8,977 2014 $544,922 $354,199 137,865 12,533 8,174 Total costs and expenses 656,014 512,771 Net income $ 34,527 $ 32,151 Earnings per share $ 2.12 $ 1.98 (1) Debt and equity ratios. Debt Ratio Choose Numerator: I Choose Denominator: Debt Ratio Debt ratio 2015: 2014: Equity Ratio | Choose Denominator: Choose Numerator: Equity Ratio Equity ratio 2015: 2014: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Denominator: Choose Numerator: I = | Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 2015: 1 = 2014: (3) Times interest earned. Times Interest Earned Choose Numerator: ose Denominator: Times Interest Earned = Times interest earned 2015: times 2014: times