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 Current Year 1 Year Ago 2 Years Ago $ 27,195 76,477 $ 32,103 56,180 $ 33,099 41,562 98,118 8,758 245,813 $ 456,361 72,782 8,344 224,006 $ 393,415 90,485 Accounts payable $ 114,770 $ 67,152 Long-term notes payable 86,654 Common stock, $10 par value 162,500 Retained earnings 92,437 162,500 73,278 Total liabilities and equity $ 456,361 $ 393,415 For both the current year and one year ago, compute the following ratios: 45,632 3,606 200,701 $ 324,600 $ 42,419 71,737 163,500 46,944 $ 324,600 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 $ 593,269 $ 361,894 183,913 10,086 7,712 1 Year Ago $ 468,164 563,605 $ 29,664 $ 304,307 118,445 10,768 7,022 440,542 $ 27,622 $ 1.83 $ 1.70