nework i Saved ! 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. At December 31 1 Yr Ago 2 Yrs Ago Current Yr Assets Cash $ 26,696 $ 31,520 56,264 75,078 8,109 223,035 $ 31,868 42,491 46,167 3,470 197,904 Accounts receivable, net Merchandise inventory Prepaid expenses 78,155 97,282 8,858 246,056 Plant assets, net Total assets $ 394,006 $ 321,900 $457,047 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $ 65,255 $ 43,766 $114,943 85,066 162,500 94,538 92,434 162,500 73,817 71,851 162,500 43,783 $ 394,006 $ 321,900 Total liabilities and equity $457,047 %24 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago $ 468,867 For Year Ended December 31 Current Yr $594,161 Sales ( Prev 4 of 6 Next > ework i Saved Total liabilities and equity $ 394,006 $ 321,900 $457,047 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 1 Yr Ago $ 468,867 Current Yr Sales $594,161 Cost of goods sold Other operating expenses Interest expense $362,438 184,190 $304,764 118,623 10,784 7,033 10,101 Income tax expense Total costs and expenses 7,724 564,453 441,204 $ 27,663 $ 29,708 Net income Earnings per share 1.83 2$ 1.70 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 1 (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio Total liabilities Total assets Debt ratio 4 of 6 omework 1 Saved Hel For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 1 (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio %3D I Total assets Total liabilities Debt ratio 457,047 = 394,006 = Current Year: 1 Year Ago: 2$ Equity Ratio Choose Denominator: Choose Numerator: Equity Ratio Total assets Total equity Equity ratio 457,047 = 394,006 = Current Year: 1 Year Ago: Next > ( Prev 4 of 6 I3D I3D