Required information Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 [Alternate Version] [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 24, 522 $ 29, 249 $ 31, 087 Accounts receivable, net 73, 249 52, 722 40, 218 Merchandise inventory 93, 009 69, 669 44, 148 Prepaid expenses 7,978 7, 601 3 , 386 Plant assets, net 225, 359 206, 377 192, 061 Total assets $ 424, 117 $ 365, 618 $ 310, 900 Liabilities and Equity Accounts payable $ 103, 493 $' 63, 643 $ 40, 628 Long-term notes payable 82, 126 81, 569 69, 396 Common stock, $10 par value 162, 500 162, 500 162, 500 Retained earnings 75, 998 57, 906 38, 376 Total liabilities and equity $ 424, 117 $ 365, 618 $ 310, 900 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 551, 352 $ 435, 085 Cost of goods sold $ 336, 325 $ 282, 805 Other operating expenses 170, 919 110, 077 Interest expense 9,373 10, 007 Income tax expense 7 , 168 6, 526 Total costs and expenses 523, 785 409, 415 Net income $ 27, 567 $ 25, 670 Earnings per share $ 1.70 $ 1.58