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 $ 36,688 $ 39,386 64,203 53,555 $ 32,667 94,680 114,373 10,211 290,894 $ 542,825 $ 139,218 105,113 162,500 135,994 86,571 10,122 270,369 $ 467,953 $ 79,084 104,400 163,500 120,969 $ 542,825 $ 467,953 For both the current year and one year ago, compute the following ratios: 54,256 4,203 242,500 $ 393,900 $ 51,475 84,440 163,500 94,485 $ 393,900 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: 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 i $ 430,461 218,759 $705,673 1 Year Ago $ 556,864 11,996. 9,174 670,390 $ 35,283 $ 361,962 140,887 12,808 8,353 524,010 $ 32,854 $ 2.17 $ 2.02