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 $ 31,132 39,475 44,216 Current Year 1 Year Ago 2 Years Ago $ 24,560 71,918 $ 29,597 50,759 94,113 67,074 8,317 230,246 7,925 $ 429,154 214,605 $369,960 79,067 162,500 82,865 Accounts payable $ 104,722 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 429,154 $ 61,898 85,942 163,500 58,620 $ 369,960 For both the current year and one year ago, compute the following ratios: 3,425 190,052 $ 308,300 $ 39,882 66,772 163,500 38,146 $ 308,300 Exercise 13-9 (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 $ 557,900 $ 340,319 172,949 9,484 7,253 530,005 $ 27,895 $ 1.72 1 Year Ago $ 286,164 111,384 10,126 6,604 $ 440,252 414,278 $ 25,974 $ 1.60