Question

Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...

Simon Company’s year-end balance sheets follow.

At December 31 Current Yr 1 Yr Ago 2 Yrs Ago
Assets
Cash $ 29,388 $ 34,706 $ 37,252
Accounts receivable, net 89,566 61,975 47,721
Merchandise inventory 109,300 80,258 52,908
Prepaid expenses 9,952 9,389 4,058
Plant assets, net 275,303 256,352 226,961
Total assets $ 513,509 $ 442,680 $ 368,900
Liabilities and Equity
Accounts payable $ 126,585 $ 77,057 $ 47,234
Long-term notes payable secured by
mortgages on plant assets		 94,609 104,871 79,896
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 129,815 98,252 79,270
Total liabilities and equity $ 513,509 $ 442,680 $ 368,900


The company’s income statements for the Current Year and 1 Year Ago, follow.

For Year Ended December 31 Current Yr 1 Yr Ago
Sales $ 667,562 $ 526,789
Cost of goods sold $ 407,213 $ 342,413
Other operating expenses 206,944 133,278
Interest expense 11,349 12,116
Income tax expense 8,678 7,902
Total costs and expenses 634,184 495,709
Net income $ 33,378 $ 31,080
Earnings per share $ 2.05 $ 1.91
Debt Ratio
Choose Numerator: / Choose Denominator: = Debt Ratio
/ = Debt ratio
Current Year: / = %
1 Year Ago: / = %
Equity Ratio
Choose Numerator: / Choose Denominator: = Equity Ratio
/ = Equity ratio
Current Year: / = %
1 Year Ago: / = %
Debt-To-Equity Ratio
Choose Numerator: / Choose Denominator: = Debt-To-Equity Ratio
/ = Debt-to-equity ratio
Current Year: / = to 1
1 Year Ago: / = to 1
Times Interest Earned
Choose Numerator: / Choose Denominator: = Times Interest Earned
/ = Times interest earned
Current Year: / = times
1 Year Ago: / = times
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