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Required Information Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Ye At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, het Total assets Liabilities and Equity Accounts payable Long-ter notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 36,490 103,624 134, 317 11,632 338,662 5624,730 1 yr Ago 2 Yes Ago $ 43,516 $ 42,253 74,644 58,888 99,634 61,855 11,084 4,937 389682272,875 $ 538,560 $440, eee $155,558 $ 88,286 557,499 115,109 162,50 191 572 $524,230 121,391 96,268 162, See 162,50 166,383 123, 733 $ 538,562 $ 440,000 The company's Income statements for the current Year and 1 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 yn 5812,149 $495, 411 251,766 13,807 10358 271 542 $ 40,602 $ 2.50 1 Ye Ago $ 640,886 $416,576 162,144 14,740 9,613 603/03 3,813 S 2.33 For both the Current Year and 1 Year Ago, compute the following rating Exercise 13-9 Part 2 ences (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Nurnerator Choose Denominator: Debt-To-Equity Ratio Debt-to-equity ratio O to 1 Current Year: 1 Year Ago: Oto 1