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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 Liabilities
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 Accounts payable Current Yr 1 Yr Ago 2 Yrs Ago $ 30,400 $ 35,500 $ 37,200 63,500 89,200 111,500 50,500 82,600 53,500 9,400 $448,000 $377,500 $ 72,250 $ 50,200 10,500 5,300 281,000 257,000 231,000 $522,600 $128,400 Long-term notes payable 97,000 99,000 82,000 Common stock, $10 par value 161,500 161,500 161,500 Retained earnings 135,700 115,250 83,800 Total liabilities and equity $522,600 $448,000 $377,500 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago: For Year Ended December 31 Current Yr Sales $725,000 $540,000 Cost of goods sold $435,000 $334,800 Other operating expenses 232,000 Interest expense 11,500 Income tax expense 9,400 129,600 13,000 8,800 Total costs and expenses 687,900 486,200 Net income $ 37,100 $ 53,800 Earnings per share $ 2.30 $ 3.33 For both the Current Year and 1 Year Ago, compute the following ratios:
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