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 Current Year 1 Year Ago 2 Years Ago Cash $ 31,283 Accounts receivable, net $ 36,194 67,257 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 91,593 116,324 10,485 291,356 83,698 9,697 269,569 $ 466,415 $ 541,041 $ 137,414 Long-term notes payable Common stock, $10 par value 99,681 162,500 141,446 Total liabilities and equity $ 541,041 $ 466,415 Retained earnings $ 80,401 104,057 162,500 119,457 $ 39,669 52,892 57,468 4,408 246,263 $ 400,700 $ 53,950 85,898 162,500 98,352 $ 400,700 The company's income statements for the current year and one 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 Earnings per share Current Year $ 703,353 $ 429,045 218,039 11,957 9,144 668,185 $ 35,168 $ 2.16 1 Year Ago $ 555,034 $ 360,772 140,424 12,766 8,326 522,288 $ 32,746 $ 2.02 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 $ 31,283 Accounts receivable, net $ 36,194 67,257 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 91,593 116,324 10,485 291,356 83,698 9,697 269,569 $ 466,415 $ 541,041 $ 137,414 Long-term notes payable Common stock, $10 par value 99,681 162,500 141,446 Total liabilities and equity $ 541,041 $ 466,415 Retained earnings $ 80,401 104,057 162,500 119,457 $ 39,669 52,892 57,468 4,408 246,263 $ 400,700 $ 53,950 85,898 162,500 98,352 $ 400,700 The company's income statements for the current year and one 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 Earnings per share Current Year $ 703,353 $ 429,045 218,039 11,957 9,144 668,185 $ 35,168 $ 2.16 1 Year Ago $ 555,034 $ 360,772 140,424 12,766 8,326 522,288 $ 32,746 $ 2.02
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