Simon Company's year-end balance sheets follow. 62,500 80,200 9,250 258,500 $ 38,400 49,000 52,500 4,800 226,000 At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash 3 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity $ 31,200 88,300 112,500 10,650 282,000 $ 524,650 $ 36,500 Accounts payable $ 129,600 Long-term notes payable ok Common stock, $10 par value Retained earnings 96,500 161,500 137,050 nt Total liabilities and equity $ 524,650 $ 446,950 int rences $ 446,950 $ 72,250 101,250 161,500 111,950 $ 370,700 $ 50,400 81,800 161,500 77,000 $ 370,700 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Income tax expense Other operating expenses Total costs and expenses Net income Earnings per share Current Year $725,000 $ 435,000 224,750 1 Year Ago $ 580,000 11,300 9,500 680,550 $ 44,450 $ 2.75 $ 377,000 133,400 13,200 8,750 532,350 $ 47,650 $ 2.95 ic Graw Bill For both the Current Year and 1 Year Ago, compute the following ratios: S < Prev 14 15 of 19 Next >