Current Year 1 Year Ago 2 Years Ago 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 11,247 325,097 $604,012 Accounts payable $153,407 $ 85,358 $ 36,349 105,352 125,967 $ 42,073 72,898 96,330 10,935 298,464 $520,700 $ 42,958 56,698 63,483 4,773 270, 388 $ 438,300 $56,120 Long-term notes payable 115,825 120,959 99,770 Common stock, $10 par value 163,500 162,500 163,500 Retained earnings 171,280 151,883 118,910 Total liabilities and equity $604,012 $520,700 $438,300 For both the current year and one year ago, compute the following ratios: Exercise 13-11 (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 Current Year $785,216 $478,982 243,417 13, 349 10,200 1 Year Ago $619,633 $ 402,761 156,767 14,252 9,294 Prey 97 of 7 Next >