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 $ 37,395 68,814 $ 33,640 93,676 123,789 10,833 297,056 $ 558,994 89,150 10,322 276,210 $ 481,891 $ 80,625 108,618 162,500 130,148 $ 137,798 Long-term notes payable Common stock, $10 par value Retained earnings 106,142 162,500 152,554 Total liabilities and equity $ 558,994 $ 481,891 $ 39,362 53,008 56,459 4,417 244,354 $ 397,600 $ 52,483 85,234 162,500 97,383 $ 397,600 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 $ 726,692 $ 443,282 225,275 12,354 9,447 1 Year Ago 690 358 $ 36,334 $ 372,743 145,083 13,189 8,602 $ 2.24 $ 573,450 539,617 $ 33,833 $ 2.08