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[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago
[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash $ 28,476 $ 32,946 Accounts receivable, net $ 35,727 46,702 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 84,216 106,944 9,544 263,310 $ 492,490 $ 123,856 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 94,440 59,438 79,329 9,094 243,753 $ 424,560 $ 71,033 98,625 163,500 91,402 162,500 111,694 $ 492,490 $ 424,560 For both the current year and one year ago, compute the following ratios: 51,244 3,892 216,235 $ 353,800 $ 46,702 78,972 163,500 64,626 $ 353,800 Exercise 13-11 (Alaol Analyzing prefit. Jility OR2
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