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 Common stock, $10 par value Long-term notes payable Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 31,400 87,400 110,500 10,800 276,000 $ 516,100 $ 35,250 63,500 $ 38,200 49,500 81,000 $ 128,400 97,500 9,350 257,500 $ 446,600 $ 74,250 101,750 163,500 107,100 163,500 126,700 $ 516,100 $ 446,600 52,500 5,100 232,000 $ 377,300 $ 51,000 81,000 163,500 81,800 $ 377,300 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 Current Year $ 414,700 221,650 12,300 9,350 $ 715,000 1 Year Ago $ 600,000 $ 384,000 144,000 12,700 8,900 Total costs and expenses Net income 658,000 $ 57,000 Earnings per share $ 3.49 For both the Current Year and 1 Year Ago, compute the following ratios: 549,600 $ 50,400 $ 3.08