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7 Part 4 of 6 10 points eBook Hint Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance
7 Part 4 of 6 10 points eBook Hint Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Common stock, $10 par value: Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 31,894 93,345 115,084 9,969 279,684 $ 529,976 $ 37,281 62,683 82,832 9,594 264,486 $ 456,876 $ 130,644 101,628 162,500 135,204 $529,976 $ 76,440 106,132 162,500 111,804 $ 456,876 For both the current year and one year ago, compute the following ratios: $ 37,308 50,769 54,064 4,231 242,128 $ 388,500 $ 52,308 84,141 163,500 88,551 $ 388,500 Print References The company's income statements for the current year and one 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 Year 1 Year Ago $ 688,969 $ 543,682 $ 420,271 213,580 11,712 8,957 654,520 $ 34,449 $ 2.12 $ 353,393 137,552 12,505 8,155 511,605. $ 32,077 $ 1.97
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