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need help here Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net
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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 $ 29, 132 82,761 104,056 9,381 263,540 $488,870 $ 33,378 $ 35,464 57,822 46,358 78,746 48,873 8,850 3,863 242,644 216,642 $ 421,440 $ 351,200 $124,163 $ 71,223 $ 46,822 92,827 162,500 109,380 $488,870 94,023 77,615 162,500 162,500 93,694 64,263 $ 421,440 $ 351,200 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 Current Yr $635,531 $387,674 197,015 10,804 8,262 603,755 1 Yr Ago $501,514 $325,984 126,883 11,535 7,523 471, 925 $635,531 $ 501,514 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share $387,674 197,015 10,804 8,262 $325,984 126,883 11,535 7,523 603,755 $ 31,776 471, 925 $ 29,589 $ 1.82 $ 1.96 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: Il / II Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 Current Year: II 1 Year Ago: / = 0 to 1Step by Step Solution
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