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Requtred Information The following information applies to the questions cmployed below! Simon Company's year-end balance sheets follow December 30 Assets $ 20,377 $ 30,530 $

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Requtred Information The following information applies to the questions cmployed below! Simon Company's year-end balance sheets follow December 30 Assets $ 20,377 $ 30,530 $ 30,561 Accounts receivable net 75,700 52,899 40748 Merchandise Inventory 56,120 67,805 43,835 Prepaid expenses 3.411 7697 3,464 Plant assets.net 224697 218.998 190,092 Total assets 5438,305 $377349 9208700 Labies and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock. $10 per value Retained earnings $17,321 $ 65,772 $ 41156 30,753 85.367 67,540 162.500 162,500 102.500 83.731 64410 37,504 Total liabilities and equity $438.305 $377349 $308700 The company's income statements for the years onded December 31 2015 and 2014, follow 2015 2014 $449,640 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes 5347,576 176,637 9,687 2.407 $569797 $292.260 113,759 10.342 6,745 Total costs and expenses 541307 423,12 26,528 $ Net income $ 28.490 Earnings per share 175 $03 Calculate the company long termino coperture position of 2015 and 2014 by computing the following to Dect on equity to (1) Debt and equity ratios. Debt Ratio 1 Choose Denominator: Choose Numerator: Debt Ratio Debt ratio 2015: 2014: % % Equity Ratio Choose Denominator: Choose Numerator: Equity Ratio Equity ratio % 2015: 2014: %

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