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 Liabilities and Equity Current Year 1 Year Ago 2 Years Ago $ 38,509 70,141 89,961 $ 33,281 98,406 120,052 10,609 307,428 $ 569,776 104,976 162,500 164,682 Accounts payable $ 137,618 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 10,109 282,466 $ 491,186 $ 83,010 112,973 162,500 132,703 $ 569,776 $ 491,186 For both the current year and one year ago, compute the following ratios: $ 39,343 51,408 57,559 4,371 244,719 $ 397,400 $ 53,506 86,069 162,500 95,325 $ 397,400 Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 The company's income statements for the current year and one year ago, follow. 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 Year $ 740,709 $ 451,832 1 Year Ago $ 584,511 229,620 12,592 9,629 703,673 $ 37,036 $ 379,932 147,881 13,444 8,768 550,025 $ 34,486 $ 2.12 $ 2.28