Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 [Alternate Version] [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 Current Year 1 Year Ago 2 Years Ago $ 32,400 87,800 $ 35,500 $ 38,000 63,500 82,000 Long-term notes payable Common stock, $10 par value Retained earnings 112,000 11,000 280,000 $ 523,200 $ 129,600 95,000 9,450 257,000 $447,450 $ 73,500 102,000 164,000 107,950 50,500 53,000 4,200 228,000 $ 373,700 Liabilities and Equity Accounts payable 164,000 134,600 $ 523,200 $ 447,450 $ 50,200 81,600 164,000 77,900 Total liabilities and equity $ 373,700 The company's income statements for the Current Year and 1 Year Ago, follow. Current Year For Year Ended December 31 Sales 1 Year Ago $ 765,000 $ 620,000 Cost of goods sold $466,650 Other operating expenses 237,150 Interest expense 11,600 Income tax expense 9,400 $ 396,800 148,800 13,200 8,900 Total costs and expenses Net income 724,800 $ 40,200 Earnings per share $2.45 567,700 $ 52,300 $ 3.19 For both the Current Year and 1 Year Ago, compute the following ratios: