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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 Cash Accounts receivable, net Merchandise
[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 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 28,219 81,788 102,833 9,178 256,276 $478,294 $ 115,522 89,919 $ 32,986 58,302 $ 34,353 74,754 8,832 237,448 $ 412,322 $ 68,986 97,679 163,500 44,008 48,308 3,854 209,677 $ 340,200 $ 44,457 75,936 163,500 56,307 162,500 110,353 82,157 $478,294 $ 412,322 $ 340,200 For both the current year and one year ago, compute the following ratios: Exercise 13-6 (Algo) Common-size percents LO P2
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