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6 o Required information [The following information applies to the questions displayed below.] Part 3 of 3 Simon Company's year-end balance sheets follow. Current Year

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6 o Required information [The following information applies to the questions displayed below.] Part 3 of 3 Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago 10 At December 31 Assets points Cash $ 34, 808 $ 40, 285 $ 41,968 Accounts receivable, net 98, 888 68, 384 56, 522 03:00:58 Merchandise inventory 126, 844 94 , 091 61, 412 Prepaid expenses 11, 099 10,575 4,663 Plant assets, net 312, 494 290, 228 263, 635 Total assets $ 584, 133 $ 503, 563 $ 428, 200 Liabilities and Equity Accounts payable $ 148, 358 $ 84, 251 $ 58, 218 eBook Long-term notes payable 110,915 116,978 91, 793 Common stock, $10 par value 162 , 500 162,500 162, 500 Retained earnings 162, 360 139 , 834 115, 689 Print Total liabilities and equity $ 584, 133 $ 503, 563 $ 428, 200 The company's income statements for the current year and one year ago, follow. References For Year Ended December 31 Current Year 1 Year Ago Sales $ 759,373 $ 599, 240 Cost of goods sold $ 463, 218 $ 389 , 506 Other operating expenses 235, 406 151, 608 Interest expense 12, 909 13, 783 Income tax expense 9, 872 8,989 Total costs and expenses 721, 405 563, 886 Net income $ 37,968 $ 35, 354 Earnings per share $ 2.34 $ 2. 18l3-a] Compute times interest earned for the current year and one year ago. [3-b} Based on times interest earned. is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete thls question by entering your answers In the tabs below. Required 3A Required 35 Compute times Interest earned for the current year and one year ago. Times interest earn ed Current Year: times 1 Year Ago: Required as > (3-a) Compute times interest earned for the current year and one year ago. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Based on times interest earned, the company is for creditors in the current year versus one year ago.

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