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Simon Company's year-end balance sheets follow. At December 31 Current 1rear 1 Year Ago 2 Years Ago Assets Cash $ 35,122 $ 41,354 $ 41,164
Simon Company's year-end balance sheets follow. At December 31 Current 1rear 1 Year Ago 2 Years Ago Assets Cash $ 35,122 $ 41,354 $ 41,164 Accounts receivable, net 39,5BB 52.6 51,968 Merchandise inventory 113,593 E2.B 59, Prepaid expenses 11,313 1B,??? 4,55? Plant assets, net 328,517 3E1. Bl 246,529 Tgtal assets $ 5??,949 $ 493,232 $ 433,1 Liabilities and Equity Accounts payable $ 148.22? $ 36,?2? $ 54,35 Long-term notes payable 111.914 118,331 91,153 Common stock, $13 par value 162,5 152,566 162,563 Retained earnings 155.393 139.974 94.63? Total liabilities and equity $ 5771949 $ 493.232 $ 433.193 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For Year Ended December 31 Current Year 1 Year Ago Sales $ ?51,334 $ 592,396 Cost of goods sold $ 453.314 $ 335,332 other operating expenses 232.914 153,993 Interest expense 12.7?3 13.63? Income tax expense 9.76? 3.393 Total costs and expenses 113.755 557.915 Net income $ 37.555 $ 34.931 Earnings per share $ 2-31 i 2.15 compute ddy's Days' Sales In Inventory Numerator: Denominator: Days Days' Sales In Inventory Days' sales in inventory Current Year: days 1 Year Ago: days
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