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Simon Companys year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 28,446 $ 32,579 $ 36,403
Simon Companys year-end balance sheets follow.
At December 31 | Current Yr | 1 Yr Ago | 2 Yrs Ago | ||||||||
Assets | |||||||||||
Cash | $ | 28,446 | $ | 32,579 | $ | 36,403 | |||||
Accounts receivable, net | 84,111 | 58,189 | 47,124 | ||||||||
Merchandise inventory | 103,659 | 76,892 | 51,708 | ||||||||
Prepaid expenses | 9,253 | 8,640 | 3,927 | ||||||||
Plant assets, net | 261,536 | 243,532 | 217,838 | ||||||||
Total assets | $ | 487,005 | $ | 419,832 | $ | 357,000 | |||||
Liabilities and Equity | |||||||||||
Accounts payable | $ | 123,690 | $ | 70,952 | $ | 47,124 | |||||
Long-term notes payable secured by mortgages on plant assets | 92,473 | 97,527 | 80,475 | ||||||||
Common stock, $10 par value | 162,500 | 162,500 | 162,500 | ||||||||
Retained earnings | 108,342 | 88,853 | 66,901 | ||||||||
Total liabilities and equity | $ | 487,005 | $ | 419,832 | $ | 357,000 | |||||
The companys income statements for the Current Year and 1 Year Ago, follow.
For Year Ended December 31 | Current Yr | 1 Yr Ago | ||||||||||
Sales | $ | 633,107 | $ | 499,600 | ||||||||
Cost of goods sold | $ | 386,195 | $ | 324,740 | ||||||||
Other operating expenses | 196,263 | 126,399 | ||||||||||
Interest expense | 10,763 | 11,491 | ||||||||||
Income tax expense | 8,230 | 7,494 | ||||||||||
Total costs and expenses | 601,451 | 470,124 | ||||||||||
Net income | $ | 31,656 | $ | 29,476 | ||||||||
Earnings per share | $ | 1.95 | $ | 1.81 | ||||||||
For both the Current Year and 1 Year Ago, compute the following ratios:
(1) Debt and equity ratios.
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Return on total assets
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