Required information Exercise 13-10 Analyzing efficiency and profitability LO P3 The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2 Yrs Ago $ 30,400 $ 35,750 $ 38,600 89,200 61,000 50,000 112,500 80,600 54,500 10,450 9,350 4,400 Plant assets, net. 277,000 256,500 233,000 Total assets $519,550 $443,200 $ 380,500 Liabilities and Equity Accounts payable $128,800 $ 74,750 $ 50,800 Long-term notes payable secured by mortgages on plant assets 98,000 101,750 81,000 Common stock, $10 par value 160,500 160,500 160,500 Retained earnings 132,250 106,200 88,200 Total liabilities and equity $519,550 $443,200 $380,500 For Year Ended December 31 The company's income statements for the Current Year and 1 Year Ago, follow. Sales 1 Yr Ago $600,000 Current Yr $755,000 Cost of goods sold $460,550 $390,000 Other operating expenses 234,050 138,000 Interest expense 11,900 Income tax expense 9,500 Total costs and expenses Net income Earnings per share 716,000 $ 39,000 $ 2.43 12,900 8,650 549,550 $ 50,450 $ 3.14 For both the Current Year and 1 Year Ano compute the following ratins: