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Simon Company's year-end balance sheets follow. At December 31 Assets Current Yr 1 Yr Ago 2 Yrs Ago Cash Accounts receivable, net Merchandise inventory
Simon Company's year-end balance sheets follow. At December 31 Assets Current Yr 1 Yr Ago 2 Yrs Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,414 88,316 $ 35,986 $ 38,625 65,545 49,985 I 114,475 85,764 53,229 10,116 288,119 9,735 261,970 4,123 236,538 $532,440 Liabilities and Equity Accounts payable $132,578 Long-term notes payable 98,097 $459,000 $382,500 $ 75,244 $ 52,005 107,681 85,378 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 139,265 113,575 82,617 Total liabilities and equity $532,440 $459,000 $382,500 For Year Ended December 31 The company's income statements for the current year and one year ago, follow. Sales 1 Yr Ago $546,210 Current Yr $692,172 Cost of goods sold $422,225 Other operating expenses 214,573 Interest expense 11,767 Income tax expense 8,998 $355,037 138,191 12,563 8,193 Total costs and expenses 657,563 Net income $ 34,609 513,984 $ 32,226 Earnings per share $ 2.13 $ 1.98 For both the current year and one year ago, compute the following ratios:
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