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 Current Year 1 Year Ago 2 Years Ago $ 26,638 75,646 $ 30,508 $ 32,435 55,591 98,051 70,551 8,421 228,078 $ 393,149 8,405 247,313 $ 456,053 Accounts payable $ 112,422 Long-term notes payable 85,738 Common stock, $10 par value 162,500 Retained earnings 95,393 Total liabilities and equity $ 456,053 $ 393,149 $ 65,113 90,424 162,500 75,112 42,398 45,154 3,498 197,715 $ 321,200 $ 42,822 68,856 162,500 47,022 $ 321,200 The company's income statements for the current year and one 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. Net income Earnings per share Current Year $ 592,869 $ 361,650 183,789 10,079 7,707 563,225 $ 29,644 1 Year Ago $ 304,101 118,365 10,760 7,018 $ 467,847 440,244 $ 27,603 $ 1.82 $ 1.70