Exercise 13-9 Analyzing risk and capital structure LO P3 The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2 Yrs Ago $ 35,988 106,392 131,144 $ 43,329 $ 43,816 74,354 57,842 98,253 60,980 11,242 10,822 4,820 Plant assets, net 325,208 Total assets $609,974 299,082 270,742 $525,840 $ 438,200 Liabilities and Equity Accounts payable $147,327 $ 89,756 $ 58,999 Long-term notes payable secured by mortgages on plant assets 115,822 117,315 93,937 Common stock, $10 par value 162,500 Retained earnings 184,325 162,500 156,269 162,500 122,764 Total liabilities and equity $609,974 $ 525,840 $ 438,200 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales 1 Yr Ago $625,750 Current Yr $792,966 Cost of goods sold $483,709 $406,738 Other operating expenses 245,819 Interest expense 13,480 Income tax expense 10,309 158,315 14,392 9,386 Total costs and expenses Net income 753,317 $ 39,649 588,831 $ 36,919 Earnings per share $ 2.44 $ 2.27 For both the Current Year and 1 Year Ago, compute the following ratios: 9 < Prev 3 4 of 8 Ne MacBook Air