Exercise 13-9 (Algo) Analyzing risk and capital structure 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 Liabilities and Equity Accounts payable Current Year 1 Year Ago 2 Years Ago $ 34,864 106,254 129,665 11,922 326,481 $ 609,186 Long-term notes payable Common stock, $10 par value Retained earnings $ 150,170 113,382 162,500 183,134 Total liabilities and equity $ 609,186 $ 42,433 74,258 95,212 11,028 302,229 $ 525,160 $ 88,752 120,787 162,500 153,121 $ 525,160 $ 43,326 57,768 60,298 4,623 267,285 $ 433,300 $ 57,768 96,717 162,500 116,315 $ 433,300 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Current Year $ 791,942 $ 483,085 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 1 Year Ago $ 624,940 245,502 13,463 10,295 752,345 $ 39,597 $ 2.44 $ 406,211 158,110 14,374 9,374 588,069 $ 36,871 $ 2.27