Refer to Simon Company's financial information in Exercises 17-6 and 17-8. Additional information about the company follows.
Question:
Refer to Simon Company's financial information in Exercises 17-6 and 17-8. Additional information about the company follows. To help evaluate the company's profitability, compute and interpret the following ratios for 2017 and 2016: (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.
Common stock market price, December 31, 2017......................$30.00
Common stock market price, December 31, 2016........................28.00
Annual cash dividends per share in 2017....................................0.29
Annual cash dividends per share in 2016...................................0.24
DividendA 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...
Step by Step Answer:
1 Return on common stockholders equity 2 Priceearnings ratio December 31 2017 30 ...View the full answer
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
