Required information Exercise 17-8 Liquidity analysis and interpretation LO P3 The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liahilities and Equity Accounts payable Long-term notes payable secured by 30,265 35,377 37,227 89,20062/200S2,100 114,00083,500$1,000 4, 136 280,217260,860 239,237 523,428 451,231 383,700 9,746 9,286 127,72774,733 49, 635 mortgages on plant assets Common stock, 10 par value Retained earnings Total 1iabilities and equity 96, 436 101, 70783,102 162, 500 162,S00 162,500 136,765 112,29188,463 523,428 451,231 383,700 The company's income statements for the years ended December 31, 2017 and 2016, follow Assume that all sales are on credit 2016 For Year Ended December 31 s 536,965 680, 456 Sales cost of goods sold Other operating expensea Interest expense Income taxes Total costs and expenses Net income 415,078 210, 941 11,568 8,846 349,027 135, 852 12,350 8,059 646,433 34,023 2.09 505,283 31, 682 S 1.95 Earnings pez share