At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity $ 24,560 71,918 94,113 8,317 230,246 $ 429,154 79,067 $ 29,597 50,759 67,074 7,925 214,605 $ 369,960 85,942 163,500 58,620 Accounts payable $ 104,722 $ 61,898 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 162,500 82,865 $ 429,154 $ 369,960 For both the current year and one year ago, compute the following ratios: $ 31,132 39,475 44,216 3,425 190,052 $ 308,300 $ 39,882 66,772 163,500 38,146 $ 308,300 Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 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 Current Year $ 557,900 $ 340,319 172,949 9,484 7,253 530,005 $ 27,895 $ 1.72 1 Year Ago $ 440,252 $ 286,164 111,384 10,126 6,604 414,278 $ 25,974 $ 1.60 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: