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 $ 32,430 $ 39,471 $ 39,906 67,706 99,805 119,395 10,767 304,261 $ 566,658 91,276 10,258 279,787 $ 488,498 Liabilities and Equity Accounts payable $ 139,687 Long-term notes payable Common stock, $10 par value Retained earnings 107,597 162,500 156,874 $ 83,382 113,478 162,500 129,138 Total liabilities and equity $ 566,658 $ 488,498 51,628 57,239 4,390 245,937 $ 399,100 $ 51,628 86,437 162,500 98,535 $ 399,100 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 $ 736,655 $ 449,360 228,363 1 Year Ago $ 581,313 12,523 9,577 699,823 $ 36,832 $ 2.27 $ 377,853 147,072 13,370 8,720 547,015 $ 34,298 $ 2.11