Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,300 89,818 119,670 9,780 283,683 $525, 251 $ 37,311 $ 38,096 63,392 49,808 83,769 54,112 9,794 4,027 258,537 227,557 $ 452,803 $ 373,680 $132,095 $ 77,289 47,836 95,785 162,500 134,871 $525, 251 102,062 83,391 162,500 162,500 110,952 79,873 $ 452,80: 373,600 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 let income Earnings per share Current Yr $682,826 $416,524 211,676 11,608 8,877 648,685 $ 34,141 $ 2.10 1 Yr Ago $ 538,836 $ 350,243 136, 326 12,393 8,083 507, 045 $ 31,791 $ 1.96 For both the Current Year and 1 Year Aco, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio 1 Debt ratio Current Year: 1 11 1 Year Ago: % % 11 Equity Ratio Choose Numerator: Choose Denominator: E - Equity Ratio Equity ratio % Current Year: 1 Year Ago: = % For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 2 (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: Debt-To-Equity Ratio Debt-to-equity ratio Oto 1 Current Year: 1 Year Ago: 1 11 0 to 1 Complete this question by entering your answers in the tabs below. Required 3A Required 3B Times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: Current Year: 1 Year Ago: !! Times Interest Eamed Times interest earned times 1 times Required 3B > Required information (3.a) Times interest earned (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 38 Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Times interest earned LvARRICA 1 Wart 1 Required information (1-a) Pront margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Return on total assets
