Simon Company's year - end balance sheets Required information [The following information applies to the questions displayed

Simon Company's year$-$end balance sheets

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Required information [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 Accounts receivable, net $ 27,988 81,119 $ 32,382 59,005 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 106,155 9,197 259,602 88,273 $ 484,061 $ 118,121 Long-term notes payable Common stock, $10 par value Total liabilities and equity Retained earnings 78,743 8,676 238,488 $ 417,294 162,500 115,167 $ 71,228 97,897 162,500 85,669 $ 484,061 $ 417,294 For both the current year and one year ago, compute the following ratios: $ 35,492 47,795 50,907 3,865 220,441 $ 358,500 $ 47,795 79,229 162,500 68,976 $ 358,500 he company's income statements for the current year and one year ago, follow. 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 ) Debt and equity ratios. Current Year 1 Year Ago $ 629,279 $ 496,580 $ 383,860 $ 322,777 125,635 11,421 7,449 597,815 31,464 195,076 10,698 8,181 $ 1.94 -a) Compute debt-to-equity ratio for the current year and one year ago. 467,282 $ 29,298 $ 1.80 2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? -a) Times interest earned. -b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B Compute times interest earned for the current year and one year ago. Times Interest Earned Numerator: I Denominator: = Times Interest Earned Income before interest expense and income tax expense Interest expense = Current Year: Year Ago: 1 = Times interest earned 0 times 0 times 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? After-tax income from discontinued segment 4. What is the amount of net income for the year? Net income Required information [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 Accounts receivable, net $ 27,988 81,119 $ 32,382 59,005 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 106,155 9,197 259,602 88,273 $ 484,061 $ 118,121 Long-term notes payable Common stock, $10 par value Total liabilities and equity Retained earnings 78,743 8,676 238,488 $ 417,294 162,500 115,167 $ 71,228 97,897 162,500 85,669 $ 484,061 $ 417,294 For both the current year and one year ago, compute the following ratios: $ 35,492 47,795 50,907 3,865 220,441 $ 358,500 $ 47,795 79,229 162,500 68,976 $ 358,500 he company's income statements for the current year and one year ago, follow. 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 ) Debt and equity ratios. Current Year 1 Year Ago $ 629,279 $ 496,580 $ 383,860 $ 322,777 125,635 11,421 7,449 597,815 31,464 195,076 10,698 8,181 $ 1.94 -a) Compute debt-to-equity ratio for the current year and one year ago. 467,282 $ 29,298 $ 1.80 2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? -a) Times interest earned. -b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B Compute times interest earned for the current year and one year ago. Times Interest Earned Numerator: I Denominator: = Times Interest Earned Income before interest expense and income tax expense Interest expense = Current Year: Year Ago: 1 = Times interest earned 0 times 0 times 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? After-tax income from discontinued segment 4. What is the amount of net income for the year? Net income