Refer to Simon Company's financial information in Exercises 13-6 and 13-8. Simon Company's year-end balance sheets follow.
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Refer to Simon Company's financial information in Exercises 13-6 and 13-8.
Simon Company's year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to the nearest one-tenth of a percent. Analyze and comment on the results.
Additional information about the company follows. To help evaluate the company's profitability, compute and interpret the following ratios for 2016 and 2015:
(1) Return on common stockholders' equity-percent rounded to one decimal,
(2) Price-earnings ratio on December 31-rounded to one decimal, and
(3) Dividend yield-percent rounded to one decimal?
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild
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