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 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Current Year 1 Year Ago 2 Years Ago $ 29,903 85,794 $ 35,660 61,788 $ 36,411 49,038 81,648 9,268 4,127 252,978 230,226 $371,500 106,769 $ 441,342 51,698 9,824 279,667 $511,957 Liabilities and Equity Accounts payable $123,653 $ 74,587 Long-term notes payable 94,323 Common stock, $10 par value 162,500 Retained earnings Total liabilities and equity 131,481 $511,957 104,777 99,478 162,500 $ 48,548 82,923 162,500 77,529 $ 441,342 $ 371,500 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 $ 665,544 $ 405,982 206,319 11,314 8,652 1 Year Ago $ 525,197 632,267 $ 341,378 132,875 12,080 7,878 494,211 $ 30,986 $ 1.91 $ 33,277 $ 2.05