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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 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 32,882 98,189 122,244 10,589 299,042 $ 562,946 $ 135,968 107,951 162,500 156,527 $ 39,989 67,942 90,678 10,395 276,294 $ 485,298 $ 82,015 109,386 163,500 130,397 $ 562,946 $ 485,298 $ 39,228 53,922 58,587 4,628 252,135 $ 408,500 $ 53,383 91,181 162,500 101,436 $ 408,500 For both the current year and one year ago, compute the following ratios: Exercise 13-11 (Algo) Analyzing profitability LO P3 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 Total costs and expenses Net income Earnings per share Current Year $ 731,830 $ 446,416 226,867 12,441 9,514 695,238 $ 36,592 1 Year Ago $ 577,505 $ 375,378 146,109 13,283 8,663 543,433 $ 34,072 $ 2.10 Additional information about the company follows. Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago $ 2.25 $ 33.00 31.00 0.26 0.13
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