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 Current Year 1 Year Ago 2 Years Ago $ 30,455 $ 37,848 91,872 115,511 10,208 278,682 $ 526,728 $ 35,600 62,299 84,004 9,345 262,828 $ 454,076 Liabilities and Equity Accounts payable. Long-term notes payable Common stock, $10 par value Retained earnings $ 131,155 100,015 163,500 132,058 $ 77,506 102,349 163,500 110,721 Total liabilities and equity $ 526,728 $ 454,076 For both the current year and one year ago, compute the following ratios: 50,463 55,948 4,377 241,464 $ 390,100 $ 50,978 87,936 163,500 87,686 $ 390,100 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 $ 684,746 $ 417,695 1 Year Ago $ 540,350 212,271 11,641 8,902 $ 34,237 $ 351,228 136,709 12,428 8,105 508,470 $ 31,880 650,509 $ 2.11 $ 1.96