Required information [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 Liabilities and Equity Accounts payable Current Year 1 Year Ago 2 Years Ago $ 32,119 88,528 112,454 10,141 290,476 $ 36,440 63,770 $ 36,470 86,821 9,662 263,409 $ 533,718 $ 460,102 $ 134,225 Long-term notes payable Common stock, $10 par value 99,336 163,500 136,657 Total liabilities and equity $ 533,718 Retained earnings $ 77,757 103,707 163,500 115, 138 $ 460,102 For both the current year and one year ago, compute the following ratios: 50,611 53,912 4,052 230,855 $ 375,900 $ 49,619 81,412 162,500 82,369 $ 375,900 The company's income statements for the Current Year and 1 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 $ 693,833 $ 423,238 215,088 11,795 9,020 1 Year Ago $ 547,521 659,141 $ 355,889 138,523 12,593 8,213 515,218 $ 32,303 $ 1.99 $ 34,692 $ 2.13