Question: Exercise 1 7 - 1 1 ( Algo ) Analyzing profitability LO P 3 The Chmpany's income statements for the Current Year and 1 Year
Exercise Algo Analyzing profitability LO P
The Chmpany's income statements for the Current Year and Year Ago, follow.
tableFor Year Ended December Current Year, Year AgoSalesCurre,$ Cost of goods sold,$ $ Other operating expenses,Interest expense,Income tax expense,Total costs and expenses,,Net income,,$ $ Earnings per share,,$$
Additional information about the company follows.
tableCommon stock market price, December Current Year,$
Required information
Use the following information for the Exercises below. Algo
The following information applies to the questions displayed below.
Simon Company's yearend balance sheets follow.
tableAt December Current Year,Year Ago, Years AgoAssets$$$CashAccounts receivable, net,Merchandise inventory,Prepaid expenses,Plant assets, net,$$$Total assets,,,,Liabilities and Equity,$$$Accounts payable,Longterm notes payable,Common stock, $ par value,Retained earnings,$$$Total liabilities and equity,,,,
For both the current year and one year ago, compute the following ratios:
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