Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr1 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 23,741 69,512 86,515 7,802 223,038 $410,608 $ 27,751 $ 29,805 49,556 39, 338 65,485 42,319 7,210 3,379 203,970 189,259 $ 353,972 $ 304,100 $101,219 $ 59,223 $ 40,543 79,510 162,500 67,379 $410,608 80,599 68,550 162,500 162,500 51,650 32,507 $ 353,972 $ 304,100 The company's income statements for the Current Year and 1 Year Ago, follow. Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 79,510 162,500 67,379 $410,608 80,599 162,50 51,65 $ 353,972 68,550 162,500 32,507 $ 384,100 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 Total costs and expenses Net income Earnings per share Current Yr $533,790 $325,612 165, 475 9,074 6,939 507,100 $ 26,690 $ 1.64 1 Yr Ago $ 421,227 $273,798 106,578 9,688 6,318 396, 374 $ 24,853 $ 1.53 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. TULAI LUL> anu expenses Net income Earnings per share JUHU $ 26,690 $ 1.64 $ $ 24,853 1.53 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: = Debt Ratio Debt ratio Current Year: 1 Year Ago: Equity Ratio Choose Numerator: 1 Choose Denominator: = Equity Ratio Equity ratio Current Year: 1 Year Ago: Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,400 86,700 113, eee 10,750 279,000 $519,850 $ 35,500 $ 38, eee 61,500 51, eee 80,800 55, eee 9,2504 900 258,5ee 233, eee $445,550 $ 381,900 $129,200 $ 73,000 $ 50, 800 97,500 162,500 138,650 $519,850 101, 5ee 82,800 162,500 162,500 108,550 85,800 $445,550 $ 381,9ee The company's income statements for the Current Year and 1 Year Ago, follow. Check Retained earnings Total liabilities and equity 130,650 $519,850 188,550 8 5,800 $445,550 $ 381,900 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 Total costs and expenses Net income Earnings per share Current Yr $755, eee $445,450 241,600 12,200 9, 30e 708,55 $ 46,450 $ 2.86 1 Yr Ago $ 570,000 $364,800 131, 100 12,70 8,625 517, 225 $ 52,775 $ 3.25 For both the Current Year and 1 Year Ago, compute the following ratios: (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3 Return on total assets Return On Total Assets Choose Numerator: Choose Denominator: = Return On Total Assets Return on total assets Current Year: 1 Year Ago:
