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 Common stock, $10 par value Retained earnings Current Year 1 Year Ago 2 Years Ago $ 30,600 89,000 110,000 10,600 279,000 $ 35,750 61,500 82,800 9,250 252,000 $ 38,200 49,500 "54,000 5,500 228,000 $ 375,200 $ 519,200 $ 441,300 $ 128,800 $ 75,750 97,000 161,000 132,400 101,000 161,000 103,550 $ 51,400 83,000 161,000 79,800 $ 375,200 1 Year Ago $ 600,000 Total liabilities and equity $ 519,200 $ 441,300 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 Current Year $ 775,000 $ 465,000 248,000 11,900 9,500 734,400 $ 40,600 $ 372,000 144,000 12,600 8,600 Earnings per share $ 2.52 For both the Current Year and 1 Year Ago, compute the following ratios: 537,200 $ 62,800 $ 3.90