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6 Required information The following information applies to the questions displayed below Simon Company's year-end balance sheets follow Cash Accounts receivable, net Merchandise inventory Prepaid
6 Required information The following information applies to the questions displayed below Simon Company's year-end balance sheets follow Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 33,332 48,143 $ 4e,996 97,58368,873 53,568 120,239 88,281 59,978 8,7341e,821 284,633 $578,663 $491,951 414,189 Liabilities and Equity Accounts payable Long-term notes payable secured by $144,937 $ 81,477 53,568 mortgages on plant assets Common stock, $1e par value Retained earnings 106,212 112,e17 91,516 162,588 162,5ee 162,588 157,814 135,957 1e6 516 5570,663 $491,951 414,188 Total iabilities and equity The company's income statements for the years ended December 31, 2017 and 2016, follow $741,862 s 585,422 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income $452,536 229,977 12,612 $380,524 148,112 13,465 784,769 5 37,093 5 34,540 5 2-13 Earnings per share 5 2.28 Calculate the company's long-term risk and capital structure positions at the end of 2017 and following ratios. ebt and equity ratios Prex
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