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 $ 36,250 62,000 $ 38,200 50,500 $ 32,400 86,900 112,500 10,700 278,000 82,800 9,300 259,000 $ 449,350 $ 520,500 $ 129,600 $ 72,250 Long-term notes payable Common stock, $10 par value Total liabilities and equity Retained earnings 97,500 161,000 132,400 98,750 161,000 117,350 $ 520,500 $ 449,350 54,500 5,200 229,000 $ 377,400 $ 50,200 83,800 161,000 82,400 $ 377,400 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 Income tax expense Interest expense Current Year 1 Year Ago $ 745,000 $ 550,000 $ 454,450 230,950 11,900 9,350 $ 346,500 126,500 13,400 8,825 706,650 Total costs and expenses Net income Earnings per share $ 38,350 $ 2.38 For both the Current Year and 1 Year Ago, compute the following ratios: 495,225 $ 54,775 $ 3.40