B 14 Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 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 Current Tr 1 Yr Ago 2 Yrs Ago $ 26,064 89,200 $ 30,466 $ 31,736 62,800 50,300 114,000 56,000 8,393 7,997 3,526 208,565 198,911 182,238 $446,222 $384,674 $323,800 84,500 $109,998 $ 64,360 $ 42,314 83,051 162,500 90,673 $446,222 87,590 70,844 162,500 162,500 70,224 48,142 $384,674 $323,800 The company's income statements for the Current Year and 1 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 Yr $ 353,854 179,828 9,862 $580,089 1 Yr Ago $ 457,762 $297,545 7,541 115,814 10,529 6,866 551,085 $ 29,004 430,754 $ 27,008 $ 1.78 $ 1.66 9 < Prev 3 4 5 6 of 7 Next >