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Simon Companys year-end balance sheets follow. At December 31 2014 2013 2012 Assets Cash $ 26,865 $ 30,479 $ 32,067 Accounts receivable, net 77,100 52,800

Simon Companys year-end balance sheets follow.

At December 31

2014

2013

2012

Assets

Cash

$

26,865

$

30,479

$

32,067

Accounts receivable, net

77,100

52,800

41,062

Merchandise inventory

97,899

72,619

45,539

Prepaid expenses

8,397

8,243

3,563

Plant assets, net

236,153

220,699

198,469

Total assets

$

446,414

$

384,840

$

320,700

Liabilities and Equity

Accounts payable

$

113,380

$

65,038

$

42,332

Long-term notes payable secured by mortgages on plant assets

85,604

91,169

71,583

Common stock, $10 par value

162,500

162,500

162,500

Retained earnings

84,930

66,133

44,285

Total liabilities and equity

$

446,414

$

384,840

$

320,700

The companys income statements for the years ended December 31, 2014 and 2013, follow.

For Year Ended December 31

2014

2013

Sales

$

580,338

$

457,960

Cost of goods sold

$

354,006

$

297,674

Other operating expenses

179,905

115,864

Interest expense

9,866

10,533

Income taxes

7,544

6,869

Total costs and expenses

551,321

430,940

Net income

$

29,017

$

27,020

Earnings per share

$

1.79

$

1.66

(2)

Debt-to-equity ratio.

For 2014

What is total liabilities?

What is Total Equity?

For 2013

What is total liabilities?

What is Total Equity?

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