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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 Current
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 Current Yr 1 Yr Ago 2 Yrs Ago $ 30,800 $ 36,500 $ 38,000 88,600 62,500 50,500 110,500. 84,000 55,000 10,550 9,400 5,300 278,000 257,000 234,000 $518,450 $449,400 $382,800 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $129,600 $ 73,000 $ 50,200 97,000 161,000 100,500 81,000 161,000 161,000 130,850 114,900 90,600 $518,450 $449,400 $382,800 For Year Ended December 31 Sales The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago $630,000 Current Yr $735,000 Cost of goods sold $441,000 $390,600 Other operating expenses 227,850 Interest expense 11,600 Income tax expense 9,400 Total costs and expenses 689,850 Net income $ 45,150 144,900 13,400 8,900 557,800 $ 72,200 Earnings per share $ 2.80 $ 4.48 For both the Current Year and 1 Year Ago, compute the following ratios:
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