Required information [The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 62,500 50,200 Merchandise inventory 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 Total assets $ 523,000 $ 445,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 131,100 104,750 79,250 Total liabilities and equity $ 523,000 $ 445,000 $ 377,500 The companys income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 2017 2016 Sales $ 673,500 $ 532,000 Cost of goods sold $ 411,225 $ 345,500 Other operating expenses 209,550 134,980 Interest expense 12,100 13,300 Income taxes 9,525 8,845 Total costs and expenses 642,400 502,625 Net income $ 31,100 $ 29,375 Earnings per share $ 1.90 $ 1.80 Calculate the companys long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios.

Required information [The following information applies to the questions displayed belowJ Simon Company's year-end balance sheets follow Part 1 of 3 0.5 points 2017 2016 2015 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 $31,800 35,625 37,800 50,200 112,500 82,500 54,000 5,000 278,500 255,000 230,500 $523,000 $445,000 $377,500 Skipped 89,500 62,500 10,700 9,375 eBook $129,900 $ 75,250 51,250 Hint mortgages on plant assets Common stock, $10 par value Retained earnings 98,500 101,500 83,500 163,500 163,500 163,500 79,250 $523,000 $445,000 $377,500 131,100 104,750 Ask Total liabilities and equity The company's income statements for the years ended December 31, 2017 and 2016, follow. Print 2017 2016 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income $ 673,500 $532,000 $ 345,500 134,980 13,300 8,845 References $411,225 209,550 12,100 9,525 642,400 $ 31,100 502,625 $ 29,375 $ 1.80 Earnings per share $1.90 Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios