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 $ 30,000 88,000. $ 35,500 62,000 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 Total liabilities and equity 111,500 10,550 278,000 $ 518,050 $ 128,000 96,000 161,000 133,050 83,200 9,500 256,500 $ 446,700 $ 75,500 101,000 161,000 109,200 $ 518,050 $ 446,700 $ 38,200 50,000 53,000 5,300 226,000 $ 372,500 $ 50,600 82,800 161,000 78,100 $ 372,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Current Year 1 Year Ago $ 785,000 $ 630,000 $ 478,850 251,200 11,300 9,550 $ 409,500 151,200 13,400 8,750 Total costs and expenses Net income Earnings per share 750,900 $ 34,100 $ 2.12 For both the Current Year and 1 Year Ago, compute the following ratios: 582,850 $ 47,150 $ 2.93