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Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mor ages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,217 76,770 99,478 8,530 247, 112 $458, 107 $ 31,278 $ 33,558 55,842 43,876 73,791 47,667 8,293 3,584 225,716 200, 415 $ 394,920 $ 329,100 $117,491 $ 68,076 $ 43, 441 86,985 162,500 91,131 $458, 107 92,648 70,549 162,500 162,500 71,696 52,610 $ 394,920 $ 329,100 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $595,539 $363,279 184,617 10,124 7,742 565, 762 $ 29,777 1 Yr Ago $ 469,955 $305, 471 118,899 10,809 7,049 442,228 $ 27,727 $ 1.83 $ 1.71 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 1 (1) Debt and equity ratios. Debt Ratio 1 Choose Denominator: II Choose Numerator: Net sales Debt Ratio Debt ratio / 0 % Current Year: 1 Year Ago: Il 0 % Choose Numerator: Equity Ratio 1 Choose Denominator: 1 Equity Ratio Equity ratio 1 0 % Current Year: 1 Year Ago: Il 0 % Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,217 76, 770 99, 478 8,530 247, 112 $458, 107 $ 31,278 $ 33,558 55,842 43,876 73,791 47,667 8,293 3,584 225,716 200,415 $ 394,920 $ 329,100 $117,491 $ 68,076 $ 43, 441 86,985 162,500 91,131 $458, 107 92,648 70,549 162,500 162,500 71,696 52,610 $ 394,920 $ 329,100 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $595,539 $363,279 184,617 10,124 7,742 565, 762 $ 29,777 1 Yr Ago $ 469,955 $305,471 118,899 10,809 7,049 442,228 $ 27, 727 $ 1.83 $ 1.71 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 2 (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: Net sales II Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 II Current Year: 1 Year Ago