Required information Use the following information for the Exercises below. (Algo) [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 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 24,735 72,428 $ 30,105 50,597 93,852 8,048) 233,137 $ 432,200 $ 109,770 82,879 66,861 8,059 216,964 $ 372,586 $ 62,337 84,838 163,500 61,911 163,500 76,051 $ 432,200 $ 372,586 For both the current year and one year ago, compute the following ratios: Exercise 13-9 (Algo) Analyzing risk and capital structure LO P3 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 $ 342,735 174,177 9,5521 7,304 $ 561,860 533,768 $ 28,092 $ 1.73 $ 30,136 38,975 43,225 3,281 188,783 $ 304,400 $ 39,377 67,945 162,500 34,578 $ 304,400 1 Year Ago $288,195 112,174 10,198 6,651 $ 443,377 417,218 $ 26,159 $ 1.61 (1) Debt and equity ratios. 12.al Compute reht.tn.enuity ratin for the current year and one vear ann 9 < Prev 8 9 10 of 11 Next > Required information ATVORE Total costs and expenses Net income Earnings per share (1) Debt and equity ratios. 533,768 $28,092 $ 1.73 417,218 $ 26,159 $ 1.61 (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B Compute debt and equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Current Year: 1 Year Ago: Debt Ratio Numerator: Denominator: Debt Ratio Debt ratio % Equity Ratio Numerator: Denominator: Equity Ratio Equity ratio % % 9 < Prev 8 9 10 of 11 Next > Required information LULUI B Other operating expenses Interest expense 2245 174,177 9,552 Income tax expense 7,304 Total costs and expenses Net income Earnings per share 533,768 $ 28,092 $ 1.73 200, 112,174 10,198 6,651 417,218 $ 26,159 $ 1.61 (1) Debt and equity ratios. (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B Compute debt-to-equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Debt-To-Equity Ratio Denominator: Debt-To-Equity Ratio Debt-to-equity ratio to 1 to 1 Required information. Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share (1) Debt and equity ratios. 174,177 9,552 7,304 533,768 $ 28,092 112,174 10,198 6,651 $ 1.73 (2-a) Compute debt-to-equity ratio for the current year and one year ago. 417,218 $ 26,159 $ 1.61 (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3A Required 38 Compute times interest earned for the current year and one year ago. Times Interest Earned Numerator: Denominator: Times Interest Earned Times interest earned Current Year: times 1 Year Ago: times < Prev 8 9 10 of 11 Next >