Simon Company's year-end balance sheets follow. At December 31, Assets Current Year 1 Year Ago. 2 Years Ago Cash Accounts receivable, net $ 30,400 87,000 $ 36,250 61,000 $ 38,000 50,000 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 111,500 10,400 280,000 $ 519,300 $ 442,400 $ 128,400 $ 72,500 $ 50,800. 95,500 162,500 100,250 162,500 132,900 107,150 81,400 9,250 254,500 $ 369,500 52,000 4,500 225,000 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity. $ 519,300 $ 442,400 80,000 162,500 76,200 $ 369,500 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 Current Year $ 705,000 $ 444,150 225,600 1 Year Ago $ 620,000 Earnings per share. 11,600 9,550 690,900 $ 14,100 $ 0.87 $ 384,400 148,800 12,800 8,975 For both the Current Year and 1 Year Ago, compute the following ratios: 554,975 $ 65,025 $ 4.00