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 Year Ended December 31 Sales Cost of goods sold Other operating expenses Current Year $ 32,000 89,100 112,500 10,850 282,000 $ 526,450 Interest expense Income tax expense Total costs and expenses Net income Earnings per share 1 Year Ago Current Year $36,500 63,000 $ 129,600 98,000 162,000 136,850 $ 526,450 $ 443,300 $430,050 218,550 12,200 9,400 82,600 9,200 252,000 $ 443,300 $ 75,750 98,250 162,000 107,300 The company's income statements for the Current Year and 1 Year Ago, follow. 4 $ 705,000 2 Years Ago $ 37,400 50,500 54,500 4,900 227,000 $ 374,300 670, 200 $ 34,800 $ 2.15 $ 50,200 83,200 162,000 78,900 $ 374,300 1 Year Ago $ 346,500 137,500 12,800 8,600 $ 550,000 505,400 $ 44,600 $ 2.75

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 Year Ended December 31 Sales Cost of goods sold Other operating expenses Current Year $ 32,000 89,100 112,500 10,850 282,000 $ 526,450 Interest expense Income tax expense Total costs and expenses Net income Earnings per share 1 Year Ago Current Year $36,500 63,000 $ 129,600 98,000 162,000 136,850 $ 526,450 $ 443,300 $430,050 218,550 12,200 9,400 82,600 9,200 252,000 $ 443,300 $ 75,750 98,250 162,000 107,300 The company's income statements for the Current Year and 1 Year Ago, follow. 4 $ 705,000 2 Years Ago $ 37,400 50,500 54,500 4,900 227,000 $ 374,300 670, 200 $ 34,800 $ 2.15 $ 50,200 83,200 162,000 78,900 $ 374,300 1 Year Ago $ 346,500 137,500 12,800 8,600 $ 550,000 505,400 $ 44,600 $ 2.75

Name: Please do not give solution in image format thanku For both the Curren
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Description: Please do not give solution in image format thanku For both the Current Year and 1 Year Ago, compute the following ratios:Exercise 13-10 (Algo) Part 1 [Alternate Version](1-0) Compute profit margin ratio for the current year and one year ago.(1-b) Di

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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