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Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Current
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Current Year 1 Year Ago 2 Years Ago $ 28,528 79,407 104,986 $ 33,676 $ 33,717 56,622 8,914 256,897 78,640 8,407 235,355 $ 412,700 $ 478,732 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings. $ 116,820 88,202 162,500 111,210 Total liabilities and equity $ 478,732 $ 412,700 $ 71,141 94,921 163,500 83,138 For both the current year and one year ago, compute the following ratios: 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 Other operating expenses Income tax expense Net income Current Year $ 622,352 $ 379,635 192,929 10,580 8,091 591,235 $ 31,117 44,516 45,991 3,673 206,003 $ 333,900 $ 44,956 75,268 163,500 50,176 $ 333,900 1 Year Ago $ 319,223 124,252 11,296 7,367 Total costs and expenses Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: $ 1.91 $ 491,113 462,138 $ 28,975 $ 1.78 Current Year: 1 Year Ago: Numerator: Profit Margin Ratio Denominator: Profit Margin Ratio Profit margin ratio 0% " 0% Required 1A Required 18 > Current Year: 1 Year Ago: Numerator: Total Asset Turnover Denominator: =Total Asset Turnover " " Total asset turnover 0 times 0 times Current Year: 1 Year Ago: Return On Total Assets Numerator: Denominator: =Return On Total Assets Return on total assets 0% 0%
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