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Required Information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Y 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 $ 32,000 89,800 111,500 10.250 279,000 $522,550 $ 35,750 $ 37,400 63,000 49,500 83,000 52,500 9,300 4 ,200 257,500 227,000 $448,550 $ 370,600 $ 128,800 $ 73,750 $ 51,400 95,000 161,500 137.250 $522,550 102,000 $1,200 161,500 161,500 111.300 76.500 $448,550 $ 370,600 The company's income statements for the Current Year and 1 Year Ago, follow Tor 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 Yr $775,000 $ 472, 750 240,250 11,800 9.500 734,300 $ 40,700 $ 2.52 1 Yr Ago $ 580,000 $365,400 133,400 13.100 8,650 $20.550 $ 59,450 $ 3.68 For both the Current Year and 1 Year Ago, compute the following ratios 15 16 17 Next > of 21 15 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 Yr $775,000 $ 472,750 240, 250 11,800 9,500 734,300 $ 40,700 E Ago $ 580,000 $365,400 133,400 13,100 8,650 520.550 $ 59,450 2.52 $ 3.68 For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 1A Required 18 Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin Required 1A 15 16 17 Next > of 21 !!! Tre 51,400 CUH By mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 95.000 161,500 137,250 $522,550 102,000 $1,200 161,500 161,500 111,300 76,500 $448,550 $ 370,600 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 Yr $775,000 $472, 750 240, 250 11,800 9,500 734,300 $ 40,700 Ye Ago $ 580,000 $365,400 133,400 13,100 8,650 520.550 $ 59,450 $ 2.52 $ 3.68 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. Total Asset Turnover Choose Numerator: Choose Denominator: = Total Asset Turnover Total asset turnover times Current Year: 1 Year Ago: times $ 40,700 Earnings per share 2.52 $ 59,450 $ 3.68 For both the Current Year and 1 Year Ago, compute the following ratlos: (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency Improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Return on total assets Return On Total Assets Choose Numerator: 1 Choose Denominator: - Return On Total Assets Return on total assets Current Year: 1 Year Ago: Required 3B > 11,800 9,500 13,100 8,650 Interest expense Income tax expense Total costs and expenses Net income Earnings per share 734,300 $ 40,700 2.52 520,550 $ 59,450 3.68 For both the Current Year and 1 Year Ago, compute the following ratios: (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency Improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on return on total assets, did Simon's operating efficiency Improve or worsen in the Current Year versus 1 Year Ago? Return on total assets Help Cont of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share $389,115 197,747 10,844 8,293 $327. 196 127,355 11,578 7.551 605,999 $ 31,895 $ 1.96 473,680 $ 29,698 $ 1.83 For both the Current Year and 1 Year Ago, compute the following ratios: (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on times interest earned, is the company more or less risky for creditors in the current Year versus 1 Year Ago? Times interest eamed Simon Company's year-end balance sheets follow, CEEE YEYE 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 $ 32,000 89, 800 111,500 10,250 279,000 $522,550 $ 35,750 $ 37,400 63,000 49,500 83,000 52,500 9,300 4,200 257,500 227,000 $448,550 $ 370, 600 $128,800 $ 73,750 $ 51,400 95,000 161,500 137,250 $ 522,550 102,000 81,200 161,500 161,500 111,300 76,500 $448,550 $ 370,600 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 Current IT $775,000 $ 472,750 240,250 11,800 9,500 734,300 $ 40,700 1 Yr Ago $ 580,000 $365,400 133,400 13,100 8,650 520.550 $ 59,450 $ 3.68 2.52 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios
