Required information Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. At December 31 Assets Current Yr 1 Yr Ago 2 Yrs Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 35,402 101,569 $ 41,381 $ 43,532 71,686 126,400 95,695 55,767 59,992 11,285 10,643 4,647 Plant assets, net 331,436 303,088 267,162 Total assets $606,092 $ 522,493 $ 431,100 Liabilities and Equity Accounts payable $152,426 $ 90,067 $ 55,198 Long-term notes payable secured by mortgages on plant assets 112,806 121,375 94,320 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 178,360 148,551 119,082 Total liabilities and equity $606,092 $ 522,493 $ 431,100 For Year Ended December 31 Sales The company's income statements for the Current Year and 1 Year Ago, follow. Current Yr 1 Yr Ago $ 621,767 $787,920 Cost of goods sold $480,631 $404,149 Other operating expenses 244,255 Interest expense 13,395 Income tax expense 10,243 157,307 14,301 9,327 Total costs and expenses 748,524 Net income $ 39,396 585,084 $ 36,683 Earnings per share $ 2.42 2.26 For both the Current Year and 1 Year Ago, compute the following ratios: