Required information The following information applies to the questions displayed below) Simon Company's year-end balance sheets...
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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 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 32,200 $35,750 $ 37,400 86,400 61,500 50,000 110,500 84,000 55,000 10,300 279,000 9,450 256,500 4,800 225,000 $518,400 $447,200 $372,200 $129,600 $73,500 $ 51,200 95,500 99,000 80,600 162,500 162,500 162,500 77,900, 130,800 112,200 $518,400 $447,200 $372,200 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended Current Yr 1 Yr Ago December 31 Sales $785,000 $640,000 Cost of goods sold $463,150 $483,200 Other operating 243,350 153,600 expenses Interest expense 11,600 13,000 Income tax 9,400 8,700 expense Total costs and 727,500 578,500 expenses Net income Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: $ 57,500 $ 61,500 $ 3.54 $ 3.78 (2) Total assettumover. Total Asset Turnover Choose Numerator: Net sales Choose Denominator: Average total assets Current Year: 1 Year Ago: = Total Asset Turnover Total asset tumover O times O times 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 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 32,200 $35,750 $ 37,400 86,400 61,500 50,000 110,500 84,000 55,000 10,300 279,000 9,450 256,500 4,800 225,000 $518,400 $447,200 $372,200 $129,600 $73,500 $ 51,200 95,500 99,000 80,600 162,500 162,500 162,500 77,900, 130,800 112,200 $518,400 $447,200 $372,200 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended Current Yr 1 Yr Ago December 31 Sales $785,000 $640,000 Cost of goods sold $463,150 $483,200 Other operating 243,350 153,600 expenses Interest expense 11,600 13,000 Income tax 9,400 8,700 expense Total costs and 727,500 578,500 expenses Net income Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: $ 57,500 $ 61,500 $ 3.54 $ 3.78 (2) Total assettumover. Total Asset Turnover Choose Numerator: Net sales Choose Denominator: Average total assets Current Year: 1 Year Ago: = Total Asset Turnover Total asset tumover O times O times
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