Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory...
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Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Current Year 1 Year Ago 2 Years Ago $31,800 89,500 $ 35,625 $ 37,800 62,500 112,500 10,700 278,500 82,500 9,375 255,000 $ 445,000 $ 75,250 101,500 $ 523,000 $ 129,900 Long-term notes payable 98,500 Common stock, $10 par value 163,500 163,500 Retained earnings 131,100 104,750 Total liabilities and equity $ 523,000 $445,000 50,200 54,000 5,000 230,500 $ 377,500 $ $1,250 83,500 163,500 79,250 $ 377,500 The company's income statements for the current year and one year ago, follow, For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Current Year $ 673,500 $ 411,225 209,550 12,100 9,525 642.400 1 Year Ago $ 345,500 134,980 13,300 8,845 $532,000 502.625 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 411,225 209,550 12,100 9,525 $ 673,500 642,400 $ 31,100 $ 1.90 1 Year Ago $ 345,500 134,980 13,300 8,845 $ 532,000 502,625 $ 29,375 $1.80 (1) Compute debt and equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Debt Ratio Numerator: Denominator: Equity Ratio Debt Ratio Debt ratio (1) Compute debt and equity ratio for the current year and one year ago. Debt Ratio Current Year: 1 Year Ago: Current Year: 1 Year Ago: Numerator: Denominator: Equity Ratio Numerator: Denominator: " # Debt Ratio Debt ratio % % Equity Ratio Equity ratio Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Current Year 1 Year Ago 2 Years Ago $31,800 89,500 $ 35,625 $ 37,800 62,500 112,500 10,700 278,500 82,500 9,375 255,000 $ 445,000 $ 75,250 101,500 $ 523,000 $ 129,900 Long-term notes payable 98,500 Common stock, $10 par value 163,500 163,500 Retained earnings 131,100 104,750 Total liabilities and equity $ 523,000 $445,000 50,200 54,000 5,000 230,500 $ 377,500 $ $1,250 83,500 163,500 79,250 $ 377,500 The company's income statements for the current year and one year ago, follow, For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Current Year $ 673,500 $ 411,225 209,550 12,100 9,525 642.400 1 Year Ago $ 345,500 134,980 13,300 8,845 $532,000 502.625 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 411,225 209,550 12,100 9,525 $ 673,500 642,400 $ 31,100 $ 1.90 1 Year Ago $ 345,500 134,980 13,300 8,845 $ 532,000 502,625 $ 29,375 $1.80 (1) Compute debt and equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Debt Ratio Numerator: Denominator: Equity Ratio Debt Ratio Debt ratio (1) Compute debt and equity ratio for the current year and one year ago. Debt Ratio Current Year: 1 Year Ago: Current Year: 1 Year Ago: Numerator: Denominator: Equity Ratio Numerator: Denominator: " # Debt Ratio Debt ratio % % Equity Ratio Equity ratio
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