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Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 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 $ 36,793 107, 705 135, 418 11,730 331,970 $623, 616 $ 44,298 $ 44,796 73,759 60,319 102,440 63,616 11,177 4, 780 305,926 274,489 $ 537,600 $ 448,000 $152,175 $ 93,580 $ 59,727 114,895 162,500 194,046 $623, 616 122,412 100,988 162,500 162,500 59,1 124, 785 $ 537,600 $ 448,000 The company's income statements for the Current Year and 1 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 Yr $810,701 $494,528 251,317 13,782 10,539 770, 166 $ 40,535 1 Yr Ago $ 639, 744 $415,834 161,855 14,714 9,596 601,999 $ 37,745 $ 2.32 $ 2.49 For both the Current Year and 1 Year Ago, compute the following ratios: | Complete this question by entering your answers in the tabs below. Required 3A Required 3B Times interest earned. Times Interest Earned 1 Choose Denominator: Choose Numerator: Times Interest Earned Times interest eamed Current Year: 1 times 1 Year Ago: 1 times
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