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 17-11(Algo) Analyzing profitability LO P3
The Chmpany's income statements for the Current Year and 1 Year Ago, follow.
\table[[For Year Ended December 31,Current Year,1 Year Ago],[Sales,Curre,$ 749,022],[Cost of goods sold,$ 456,903,,$ 384,197,],[Other operating expenses,232,197,,149,541,],[Interest expense,12,733,,13,595,],[Income tax expense,9,737,,8,866,],[Total costs and expenses,,711,570,,556,199],[Net income,,$ 37,452,,$ 34,873],[Earnings per share,,$2.30,,$ 2.15]]
Additional information about the company follows.
\table[[Common stock market price, December 31, Current Year,$33.00
Required information
Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
Simon Company's year-end balance sheets follow.
\table[[At December 31,Current Year,1,Year Ago,2 Years Ago],[Assets,$34,334,$38,941,$39,772,],[Cash,95,569,70,233,53,566,],[Accounts receivable, net,122,638,90,970,55,895,],[Merchandise inventory,10,838,10,222,4,553,],[Prepaid expenses,312,792,286,333,252,014,],[Plant assets, net,$576,171,$496,699,$405,800,],[Total assets,,,,],[Liabilities and Equity,$147,771,$81,424,$54,637,],[Accounts payable,105,071,113,098,90,579,],[Long-term notes payable,163,500,162,500,162,500,],[Common stock, $10 par value,159,829,139,677,98,084,],[Retained earnings,$576,171,$496,699,$405,800,],[Total liabilities and equity,,,,]]
For both the current year and one year ago, compute the following ratios:
Exercise 1 7 - 1 1 ( Algo ) Analyzing

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