Question
For Year Ended December 31 Current Year 1 Year Ago At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 35,313
For Year Ended December 31 | Current Year | 1 Year Ago | ||||||
At December 31 | Current Year | 1 Year Ago | 2 Years Ago |
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Assets |
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Cash | $ 35,313 | $ 40,468 | $ 41,733 |
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Accounts receivable, net | 103,351 | 71,527 | 54,519 |
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Merchandise inventory | 129,944 | 95,454 | 59,254 |
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Prepaid expenses | 10,814 | 10,729 | 4,684 |
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Plant assets, net | 307,364 | 287,672 | 265,610 |
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Total assets | $ 586,786 | $ 505,850 | $ 425,800 |
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Liabilities and Equity |
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Accounts payable | $ 147,571 | $ 83,779 | $ 57,892 |
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Long-term notes payable | 109,213 | 114,019 | 95,984 |
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Common stock, $10 par value | 163,500 | 162,500 | 163,500 |
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Retained earnings | 166,502 | 145,552 | 108,424 |
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Total liabilities and equity | $ 586,786 | $ 505,850 | $ 425,800 |
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Sales |
| $ 762,822 |
| $ 601,962 | ||||
Cost of goods sold | $ 465,321 |
| $ 391,275 |
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Other operating expenses | 236,475 |
| 152,296 |
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Interest expense | 12,968 |
| 13,845 |
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Income tax expense | 9,917 |
| 9,029 |
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Total costs and expenses |
| 724,681 |
| 566,445 | ||||
Net income |
| $ 38,141 |
| $ 35,517 | ||||
Earnings per share |
| $ 2.35 |
| $ 2.19 |
(1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago?
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2) Total asset turnover.
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(3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago?
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