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Simon Companys year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 28,260 $ 34,025 $ 33,385
Simon Companys year-end balance sheets follow.
At December 31 | Current Yr | 1 Yr Ago | 2 Yrs Ago | ||||||||
Assets | |||||||||||
Cash | $ | 28,260 | $ | 34,025 | $ | 33,385 | |||||
Accounts receivable, net | 82,726 | 58,387 | 46,330 | ||||||||
Merchandise inventory | 101,952 | 77,918 | 48,862 | ||||||||
Prepaid expenses | 9,010 | 8,845 | 3,709 | ||||||||
Plant assets, net | 257,039 | 233,745 | 211,814 | ||||||||
Total assets | $ | 478,987 | $ | 412,920 | $ | 344,100 | |||||
Liabilities and Equity | |||||||||||
Accounts payable | $ | 121,653 | $ | 68,388 | $ | 45,421 | |||||
Long-term notes payable secured by mortgages on plant assets | 89,149 | 96,871 | 73,765 | ||||||||
Common stock, $10 par value | 162,500 | 162,500 | 162,500 | ||||||||
Retained earnings | 105,685 | 85,161 | 62,414 | ||||||||
Total liabilities and equity | $ | 478,987 | $ | 412,920 | $ | 344,100 | |||||
The companys income statements for the Current Year and 1 Year Ago, follow.
For Year Ended December 31 | Current Yr | 1 Yr Ago | ||||||||||
Sales | $ | 622,683 | $ | 491,375 | ||||||||
Cost of goods sold | $ | 379,837 | $ | 319,394 | ||||||||
Other operating expenses | 193,032 | 124,318 | ||||||||||
Interest expense | 10,586 | 11,302 | ||||||||||
Income tax expense | 8,095 | 7,371 | ||||||||||
Total costs and expenses | 591,550 | 462,385 | ||||||||||
Net income | $ | 31,133 | $ | 28,990 | ||||||||
Earnings per share | $ | 1.92 | $ | 1.78 | ||||||||
For both the Current Year and 1 Year Ago, compute the following ratios:
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