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I need help with my assignment Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise inventory
I need help with my assignment
Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 26,813 $ 31,022 $ 32,647 77,711 55,407 45,306 101,695 73,956 47,305 8,987 8,227 3,627 248,518 231,150 207,615 Total assets $ 463,724 $399,762 $336,500 $ 118,931 $ 68,911 $ 44,418 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 86,308 162,500 95,985 93,784 162,500 74,567 75,110 162,500 54.472 Total liabilities and equity $ 463,724 $399,762 $336,500 The company's income statements for the years ended December 31, 2015 and 2014, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes 2015 $602,841 $367,733 186,881 10,248 7,837 2014 $ 475,717 $309,216 120,356 10,941 7,136 Total costs and expenses 572,699 447,649 Net income $ 30,142 $ 28,068 Earnings per share $ 1.85 $ 1.73 Debt and equity ratios Choose Numerator: Debt Ratio Choose Denominator: I Debt Ratio Debt ratio 2014: Equity Ratio Choose Denominator: Choose Numerator: 1 Equity Ratio Equity ratio 2015: 2014: Debt-to-equity ratio. Debt-To-Equity Ratio Choose Denominator: Choose Numerator: = Debt-To-Equity Ratio Debt-to-equity ratio to 1 2015: 2014: to 1 Times interest earned. Times Interest Earned Choose Denominator: Choose Numerator: = Times Interest Earned Times interest earned 2015: times 2014: times
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