At December 31 Assets Current Year 1 Year Ago 2 Years Ago ces Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets a Liabilities and Equity $ 26,029 76,934 $ 30,124 $ 32,017 53,245 95,791 70,359 8,382 229,668 8,066 214,761 $ 376,555 $ 436,804 Accounts payable $ 109,852 Long-term notes payable Common stock, $10 par value Retained earnings 83,762 163,500 79,690 $ 65,547 88,340 Total liabilities and equity $ 436,804 $ 376,555 163,500 59,168 For both the current year and one year ago, compute the following ratios: Exercise 17-11 (Algo) Analyzing 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 Earnings per share. Current Year $ 567,845 $ 346,385 176,032 9,653 7,382 539,452 $ 28,393 $ 1.75 40,998 45,014 3,557 198,614 $ 320,200 $ 42,266 72,887 162,500 42,547 $ 320,200 1 Year Ago $ 291,265 113,369 10,306 6,722 $ 448,100 421,662 $ 26,438 $ 1.63