Simon Company's year end balance sheets follow Current Yr 1 Yr Aco 2 Yes 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 $ 33.637 99,459 122,574 10,61) 309,587 $575,870 $ 39,318 $ 39,728 70,892 55,154 91,841 58,745 10,112 4,551 284,277 255, 522 $ 496,440 5413,700 $141,958 5 85,576 5 54,608 109,346 162,500 162.066 $575,870 116,465 93,256 162,580 162,500 131,899 183,336 $ 496,440 $ 413,720 The company's income statements for the Current Year and 1 Year Ago follow. 1 yr ago $ 590,764 $383,997 149,463 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 $ 743,631 $ 456,665 232,076 12,727 9.232 11,200 $ 37,433 $ 2.30 13,588 3,861 555 909 $ 34,855 $ 2.14 (2) Debt-to-equity ratio. Deht 1oEquity Ratio Choose Numerator Choose Denominator Debt-to-Equity Ratio Debt-to-equity ratio to 1 Current Year: 1 Year Ago: to 1 43