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[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years
[The following information applies to the questions displayed below.]
Simon Company's year-end balance sheets follow.
At December 31 | Current Year | 1 Year Ago | 2 Years Ago |
---|---|---|---|
Assets | |||
Cash | $ 29,976 | $ 33,998 | $ 36,131 |
Accounts receivable, net | 86,020 | 58,890 | 46,757 |
Merchandise inventory | 110,316 | 81,028 | 50,808 |
Prepaid expenses | 9,749 | 9,289 | 3,975 |
Plant assets, net | 266,978 | 250,449 | 220,129 |
Total assets | $ 503,039 | $ 433,654 | $ 357,800 |
Liabilities and Equity | |||
Accounts payable | $ 121,499 | $ 73,288 | $ 48,174 |
Long-term notes payable | 92,680 | 101,735 | 81,446 |
Common stock, $10 par value | 162,500 | 162,500 | 162,500 |
Retained earnings | 126,360 | 96,131 | 65,680 |
Total liabilities and equity | $ 503,039 | $ 433,654 | $ 357,800 |
For both the current year and one year ago, compute the following ratios:
The companys income statements for the current year and 1 year ago, follow.
For Year Ended December 31 | Current Year | 1 Year Ago | ||
---|---|---|---|---|
Sales | $ 653,951 | $ 516,048 | ||
Cost of goods sold | $ 398,910 | $ 335,431 | ||
Other operating expenses | 202,725 | 130,560 | ||
Interest expense | 11,117 | 11,869 | ||
Income tax expense | 8,501 | 7,741 | ||
Total costs and expenses | 621,253 | 485,601 | ||
Net income | $ 32,698 | $ 30,447 | ||
Earnings per share | $ 2.01 | $ 1.87 |
Compute profit margin ratio for the current year and one year ago. Compute total asset turnover for the current year and one year ago. Compute return on total assets for the current year and one year ago
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