Simon company's year-end balance sheets follow. 3 d K mpany's year-end balance sheets follow At December 31

Simon company's year-end balance sheets follow.

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3 d K mpany's year-end balance sheets follow At December 31 Assets Cashi 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 $ 31,400 87,600 112,000 10,500 277,000 $518,500 Earnings per share $ 128,400 97,500 161,000 131,600 $518,500 Current Year $448,350 227,850 1 Year Ago 11,300 9,500 $36,250 61,500 83,800 9,300 251,000 $441,850 The company's income statements for the Current Year and 1 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 $ 75,500 100,500 161,000 104,850 $ 441,850 $ 735,000 697,000 $ 38,000 $.2.36 2 Years Ago $38,400 50,000 52,000 4,200 231,000 $ 375,600 $ 50,600 81,000 161,000. 83,000 $ 375,600 Er hath the Current Vaar ond 1 Yaar Ano computo the following ratine 1 Year Ago $ 377,600 141,600 12,700 8,525 $ 590,000 540,425 $ 49,575 $3.08 3 d K mpany's year-end balance sheets follow At December 31 Assets Cashi 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 $ 31,400 87,600 112,000 10,500 277,000 $518,500 Earnings per share $ 128,400 97,500 161,000 131,600 $518,500 Current Year $448,350 227,850 1 Year Ago 11,300 9,500 $36,250 61,500 83,800 9,300 251,000 $441,850 The company's income statements for the Current Year and 1 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 $ 75,500 100,500 161,000 104,850 $ 441,850 $ 735,000 697,000 $ 38,000 $.2.36 2 Years Ago $38,400 50,000 52,000 4,200 231,000 $ 375,600 $ 50,600 81,000 161,000. 83,000 $ 375,600 Er hath the Current Vaar ond 1 Yaar Ano computo the following ratine 1 Year Ago $ 377,600 141,600 12,700 8,525 $ 590,000 540,425 $ 49,575 $3.08

Answer rating: 100% (QA)

ANSWER 1a The profit margin ratio for the current year is Net income Sales 38000 735000 0051... View the full answer