mework Problems (22 pts) 0 Saved CAEILISE 13 May Lily In anu Lapilai SuuLLUIE LUR (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,888 90.574 116,203 9.961 291,854 $540,480 $ 38,020 $ 39,224 66,535 51,252 87.92154,573 9.785 4,271 263, 670 246,880 $ 465,931 $ 396,200 $137,271 $ 77,955 $ 52,298 101.610 162,500 139,099 $540.480 106,092 88,436 162.500 162,500 119,384 92,966 $ 465,931 $ 396,200 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 702.624 $ 428,601 217,813 11.945 9,134 667,493 $ 35, 131 Yr Ago $ 554,458 $360, 398 140,278 12.753 8,317 521,746 $ 32,712 $ 2.16 For both the Current Year and 1 Year Ago, compute the following ratios: