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Simon Companys year-end balance sheets follow. Simon Company's year-end balance sheets follow. 2014 At December 31 2016 2015 Assets 31,400 34,800 36,000 Cash Accounts receivable,
Simon Companys year-end balance sheets follow.
Simon Company's year-end balance sheets follow. 2014 At December 31 2016 2015 Assets 31,400 34,800 36,000 Cash Accounts receivable, net 88,600 62,600 52,005 82,900 53,200 Merchandise inventory 56,300 Prepaid expenses 10.816 9.332 3,920 Plant assets, net 392.179 250,368 210,580 Total assets 575,000 $440,000 360,000 Liabilities and Equity 141,743 73,616 48,470 Accounts payable Long-term notes payable secured by 110,262 102.212 77,173 mortgages on plant assets Common stock, $10 par value 162.500 162.500 162.500 Retained earnings 160.495 101.672 71.857 Total liabilities and equity 575,000 440,000 360,000 The company's income statements for the years ended December 31, 2016 and 2015, follow For Year Ended December 31 2016 2015 Sales 747,500 s 455,975 523,600 Cost of goods sold 340,340 132,471 Other operating expenses 231,725 Interest expense 12,708 12.043 Income taxes 9.718 7.854 Total costs and expenses 710.126 492,708 37,374 30,892 Net income 2.30 1.90 Earnings per shareStep by Step Solution
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