! Required information Exercise 13-9 (Algo) Analyzing risk and capital structure LO P3 [Alternate Version] [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity $ 36,633 102,010 129,566 11,797 328,716 $ 40,721 74,936 96,110 11,130 301,863 $ 524,760 $ 608,722 Accounts payable $ 150,056 Long-term notes payable Common stock, $10 par value Retained earnings $ 88,684 117,074 162,500 156,502 Total liabilities and equity $ 608,722 $ 524,760 114,440 162,500 181,726 $ 42,427 59,455 62,097 4,907 268,414 $ 437,300 $ 57,146 96,643 162,500 121,011 $ 437,300 The company's income statements for the current year and one 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 Year $ 791,339 $ 482,717 245,315 1 Year Ago $ 624,464 13,453 10,287 $ 39,567 $ 2.43 $ 405,902 157,989 14,363 9,367 587,621 $ 36,843 $ 2.27 751,772 Exercise 13-9 (Algo) Part 1 [Alternate Version]