Simon Company's year-end balance sheets follow. 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 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 $ 35,625 $ 37,800 89,580 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230,500 $523,000 $445,000 $ 377,500 $129,900 $ 75,250 $ 51, 250 98,500 101, 500 85,00 163,500 163,500 131, 103 104 750 $523,000 |$445,000$ 377,5ee 79256 he company's income statements for the years ended December 31, 2017 and 2016. follow 5835 For Year Ended December 31 Sales Cost of specs sold other onena interesteense income taxe 2018 s 552.000 $ 345,500 134,980 131300 5805 The company's income statements for the years ended December 31, 2017 and 2016, follow. $ 532,000 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 2017 $ 67,500 $411,225 209,550 12,100 9,525 642,480 $ 31,180 $ 1.90 $ 345,500 134,989 13,300 8,845 502.625 $ 29,375 Earnings per share Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios. (1) Debt and equity ratios. Debt Ratio Choose Denominator: - Choose Numerator: Debt Ratio Debt ratio 2017: Prey 3 4 5 of 9 !! Next > Search