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Simon Company's year-end balance sheets follow Current Year 1 Year ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets,
Simon Company's year-end balance sheets follow Current Year 1 Year ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tere notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,994 75,935 94,509 3,267 242,845 $448,550 $ 39,625 54,677 73,682 3,120 219.577 $ 386,651 2 Years Ago $ 31,901 44,289 42,172 3,583 205,252 5. 332,200 $ 110,572 81,798 162,500 93.680 $.448,50 $ 66,003 58,937 162,500 69,241 5 386,683 $42.535 71.940 162,500 55,217 5.312,200 The company's income statements for the current year and one year ago, follow For Year Ended December 31 Sales Cost of goods sold other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Earnings per share Current Year $ 583, 115 $ 355,700 100.766 9.913 2.50 1 Year ago 5.400,150 $ 299,098 116,411 10,583 5,902 433,001 $ 27,149 5 1.67 $ 29,156 $ 1.79 Retained earnings Total liabilities and equity 93,680 $ 448,550 69,241 $ 386,681 55,217 $ 332,280 The company's income statements for the current year and one year ago, follow For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 583, 115 $ 355,700 180,766 9,913 7,580 553,959 $ 29,156 $ 1.79 1 Year Ago $ 460, 150 $ 299,098 116,418 10,583 6.902 433,001 $ 27,149 5 1.67 (1) Compute debt and equity ratio for the current year and one year ago. Debt Ratio Numerator Denominator Debt Ratio Debt ratio Current Year: 1 Year Ago: Equity Ratio Numerator: Denominator: - Equity Ratio Equity ratio % 1 Current Year: 1 Year Ago
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