Required information Exercise 13-10 Analyzing efficiency and profitability 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 $ 30,200 $ 35,750 $ 37,200 Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets. Common stock, $10 par value Retained earnings Total liabilities and equity 89,900 62,000 50,000 112,500 82,800 52,500 10,700 9,450 4,900 279,000 249,500 227,000 $522,300 $439,500 $371,600 $128,000 $ 74,250 $ 50,000 97,500 100,250 83,000 161,000 161,000 161,000 135,800 104,000 77,600 $522,300 $439,500 $371,600 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Yr $745,000 Cost of goods sold $447,000 Other operating expenses 230,950 Interest expense 11,200 Income tax expense 9,550 Total costs and expenses 698,700 Net income $ 46,300 Earnings per share $ 2.88 1 Yr Ago $610,000+ $384,300 140,300 12,900 8,950 546,450 $ 63,550 3.95 For both the Current Year and 1 Year Ago, compute the following ratios: