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Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2 Yrs Ago $ 30,687 $ 36,236 $ 37,006 92,571 65,976 50,822 117,531 85,490 53,610 10,084 9,800 4,153 Plant assets, net 279,863 260,029 228,209 Total assets $530,736 $ 457,531 $ 373,800 Liabilities and Equity Accounts payable $129,510 $ 76,550 $ 48,355 Long-term notes payable secured by mortgages on plant assets 99,778 103,127 80,958 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 138,948 115,354 81,987 Total liabilities and equity $530,736 $ 457,531 $ 373,800 For Year Ended December 31 Cost of goods sold The company's income statements for the Current Year and 1 Year Ago, follow. Sales 1 Yr Ago $353.900 $544,462 Current Yr $689,957 $420,874 Other operating expenses 213,887 Interest expense 11,729 Income tax expense 8,969 137,749 12,523 8,167 Total costs and expenses 655,459 $12,339 Net income 34,498 $ 32,123 Earnings per share 2.12 1.98 For both the Current Year and 1 Year Ago, compute the following ratios:
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