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 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year 1 Year Ago 2 Years Ago $ 25,420 75,907 91,696 8,434 233,740 $ 435,197 $ 345,111 175,384 $ 110,531 82,635 162,500 79,531 9,618 7,355 The company's Income statements for the current year and one year ago, follow. 1 Year Ago For Year Ended December 31 Sales Cost of goods sold Other operating expenses Current Year $ 30,614 53,049 68,018 7,721 215,768 $375,170. $62,136 $ 40,852 88,015 71,188 162,500 163,500 62,519 40,260 $ 435,197 $ 375,170 $ 315,800 $ 565,756 537,468 $28,288 $ 1.74 $31,889 40,852 44,844 3,578 194,637 $ 315,800 $ 290, 194 112,952 10,268 6,697 $ 446,452 420,111 $ 26,341 $ 1.62 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 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year 1 Year Ago 2 Years Ago $ 25,420 75,907 91,696 8,434 233,740 $ 435,197 $ 345,111 175,384 $ 110,531 82,635 162,500 79,531 9,618 7,355 The company's Income statements for the current year and one year ago, follow. 1 Year Ago For Year Ended December 31 Sales Cost of goods sold Other operating expenses Current Year $ 30,614 53,049 68,018 7,721 215,768 $375,170. $62,136 $ 40,852 88,015 71,188 162,500 163,500 62,519 40,260 $ 435,197 $ 375,170 $ 315,800 $ 565,756 537,468 $28,288 $ 1.74 $31,889 40,852 44,844 3,578 194,637 $ 315,800 $ 290, 194 112,952 10,268 6,697 $ 446,452 420,111 $ 26,341 $ 1.62
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To compute the ratios for both the current year and one year ago well use the given financial data 1 Return on Equity ROE can be calculated using the ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
Posted Date:
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