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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 1 Year Ago $ 673,500 $ 411,225 209,550 12,100 9,525 642,400 $ 31,100 $ 1.90 $ 345,500 134,980 13,300 8,845 $ 532,000 502,625 $ 29,375 $ 1.80

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 1 Year Ago $ 673,500 $ 411,225 209,550 12,100 9,525 642,400 $ 31,100 $ 1.90 $ 345,500 134,980 13,300 8,845 $ 532,000 502,625 $ 29,375 $ 1.80

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Required information Use the following information for the Exercises below. (Static) Skip to question [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 129,900 98,500 1 Year Ago 163,500 131,100 $ 35,625 62,500 82,500 9,375 255,000 $ 445,000 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 523,000 $ 445,000 Exercise 13-10 (Static) Analyzing efficiency and profitability LO P3 $ 75,250 101,500 163,500 104,750 2 Years Ago $ 37,800 50,200 54,000 5,000 230,500 $ 377,500 $ 51,250 83,500 163,500 79,250 $ 377,500
Transcribed Image Text:Required information Use the following information for the Exercises below. (Static) Skip to question [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 129,900 98,500 1 Year Ago 163,500 131,100 $ 35,625 62,500 82,500 9,375 255,000 $ 445,000 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 523,000 $ 445,000 Exercise 13-10 (Static) Analyzing efficiency and profitability LO P3 $ 75,250 101,500 163,500 104,750 2 Years Ago $ 37,800 50,200 54,000 5,000 230,500 $ 377,500 $ 51,250 83,500 163,500 79,250 $ 377,500
The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 673,500 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share $ 411,225 209,550 12,100 9,525 642,400 $ 31,100 $ 1.90 $ 345,500 134,980 13,300 8,845 $ 532,000 502,625 $ 29,375 $ 1.80 For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago?
Transcribed Image Text:The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 673,500 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share $ 411,225 209,550 12,100 9,525 642,400 $ 31,100 $ 1.90 $ 345,500 134,980 13,300 8,845 $ 532,000 502,625 $ 29,375 $ 1.80 For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago?
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