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help solve, show steps to understand Check my work mode: This shows what is correct or incorrect for the work you have c Simon Company's
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Check my work mode: This shows what is correct or incorrect for the work you have c Simon Company's year-end balance sheets tollow. 1 Yr Ago 2 Yrs Ago Current Yr At December 31 Assets Cash 31,888 90,574 38,020 $ 39,224 66,535 87,921 9,785 263,670 51,252 54,573 4,271 246,880 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 116,203 9,961 291,854 465,931 $ 396,200 $540,480 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $ 77,955 $ 52,298 $137,271 101,610 162,500 139,099 106,092 162,500 88,436 162,500 119,384 92,966 Total liabilities and equity $540,480 465,931 $ 396,200 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Yr 1 Yr Ago $702,624 $554,458 Cost of goods sold Other operating expenses Interest expense $428,601 217,813 11,945 $360,398 140,278 12,753 8,317 Income tax expense 9,134 Total costs and expenses 667,493 521,746 Net income 35,131 32,712 Earnings per share S 2.16 2.01 For both the Current Year and 1 Year Ago, compute the following ratios: Step by Step Solution
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