At December 31 2017 2016 2015 Assets Cash $ 33,338 $ 40,138 $38,236 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 93,724 125,129 10,521 68,195 91,016 10,127 277,632 53,582 55,403 4,422 242,457 $565,045 $487,108 394,100 302,333 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $140,696 $ 82,321 50,461 112,035 162,500 130,252 $565,045 $487,108 394,100 109,415 162,500 152,434 85,354 162,500 95,785 Total liabilities and equity The company's income statements for the years ended December 31, 2017 and 2016, follow For Year Ended December 31 Sales 2017 2016 $734,559 $ 579,659 Cost of goods sold Other operating expenses Interest expense $448,081 227,713 12,488 9,549 $376,778 146,654 13,332 8,695 Income taxes Total costs and expenses 697,831 545,459 $ 34,200 Net income S 36,728 Earnings per share 2.26 2.10 (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio / Debt ratio 2017: % 2016: % Equity Ratio Choose Numerator Choose Denominator: Equity Ratio Equity ratio 2017: % 2016: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator IChoose Denominator: Debt-To-Equity Ratio Debt-to-equity ratio 2017: to 1 2016: to 1 (3) Times interest earned Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned Times interest earned 2017: times 2016: times