Required information (The following information applies to the questions displayed below. Part 1 of 4 Simon Company's year-end balance sheets follow. 0.25 points Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets 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 $ 31,800 89,500 112,500 10, 700 278,500 $ 523,000 $ 35,625 $ 37,800 62,500 50, 200 82,500 54,000 9,375 5,000 255,000 230,500 $ 445,000 $ 377,500 eBook Hint $ 129,900 98,500 163,500 131,100 $ 523,000 $ 75,250 $ 51,250 101,500 83,500 163,500 163,500 104,750 79,250 $ 445,000 $ 377,500 Print References The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: 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 Yr $673,500 $ 411,225 209,550 12,100 9,525 642,400 $ 31,100 $ 1.90 1 Yr Ago $ 532,000 $ 345,500 134,980 13,300 8,845 502,625 $ 29,375 $ 1.80 eBook (1) Debt and equity ratios. 104 Hint Debt Ratio 1 Choose Denominator: Choose Numerator: Debt Ratio / = Debt ratio Print Current Year: 1 % 1 Year Ago: 1 = % Equity Ratio References Choose Numerator: 1 Choose Denominator: 1 = Equity Ratio Equity ratio % % Current Year: 1 1 Year Ago: 1 = eBook (2) Debt-to-equity ratio 001 Hint Choose Numerator: Debt-To-Equity Ratio 1 Choose Denominator: 1 = Debt-To-Equity Ratio Debt-to-equity ratio = Print Current Year: / = to 1 1 Year Ago: 1 = to 1 r References eBook Required 3A Required 3B 001 Hint Times interest earned. Print Times Interest Earned 1 Choose Denominator: Choose Numerator: Times Interest Earned Times interest earned References Current Year: = times 1 Year Ago: / = times