Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash $ 30,200 $ 35,500 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 88,800 112,000 10,500 282,000 $ 523,500 $ 435,600 $ 129,200 $ 74,250 98,750 $ 50,400 162,500 100,100 62,000 80,400 9,200 248,500 $ 37,200 49,500 53,000 4,200 225,000 $ 368,900 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 96,500 162,500 135,300 $ 523,500 $ 435,600 83,000 162,500 73,000 $ 368,900 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 Current Year 1 Year Ago $ 735,000 $ 620,000 $ 441,000 227,850 11,600 9,550 $ 396,800 148,800 13,000 8,550 Total costs and expenses Net income Earnings per share 690,000 $ 45,000 $ 2.77 For both the Current Year and 1 Year Ago, compute the following ratios: 567,150 $ 52,850 $ 3.25