[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Current Year 1 Year Ago 2 Years Ago $ 32,181 95,175 119,664 10,681 298,876 $ 556,577 $ 38,001 66,501 $ 39,180 52,779 86,989 57,357 9,874 278,443 $ 479,808 4,533 254,151 $ 408,000 $ 53,317 89,266 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings $ 137,202 104,636 163,500 151,239 $ 79,466 108,149 162,500 129,693 102,917 Total liabilities and equity $ 556,577 $479,808 $ 408,000 162,500 For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: 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 1 Year Ago $570,972 Current Year $ 723,550 $ 441,366 224,301 $371,132 12,300 9,406 144,456 13,132 8.565 687,373 $36,177 537,285 $33,687 $2.23 $2.07