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9 Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Part 2 of 3 Current Yr 1
9 Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Part 2 of 3 Current Yr 1 Yr Ago 2 Yrs Ago 2.14 points 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 $ 27,946 80,995 103,873 8,999 251, 842 $473,655 $ 33,319 $ 33,687 56,022 43, 137 76,295 47,361 8,661 3, 780 234,026 208,935 $ 408,323 $ 336,900 $117,940 $ 68,317 $ 45,805 86,376 162,500 106,839 $473,655 92,975 73, 710 162,500 162,500 84,531 54,885 $ 408,323 $ 336,900 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $615,752 $ 485,904 Cost of goods sold $375,609 $315,838 Other operating expenses 190,883 122,934 Interest expense 10,468 11, 176 Income tax expense 8,005 7,289 Total costs and expenses 584,965 457,237 Net income $ 30,787 $ 28,667 Earnings per share $ 1.89 $ 1.76 (2) Debt-to-equity ratio. Answer is not complete. Debt-To-Equity Ratio Choose I Choose Denominator: Numerator: Total liabilities 1 Total equity $ 106,839 1 84,531 X 1 Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 = Current Year: 1 Year Ago: $ =
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