15 Simon Company's year-end balance sheets follow. 2. points Current YE 1 Yr Ago 2 Yes Ago Skipped 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 $ 34,600 $ 36.800 89,000 64,400 53,300 61,932 82,300 57,500 10,650 9,332 3,342 361,618 249,368 159,058 $555,000 $440,000 $310,000 eBook Hint $140,959 $ 74,360 $ 41,738 Print 105,383 103,224 68,510 162,500 162,500 162.500 146, 158 99,916 37.252 $555,000 $440,000 $310,000 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Ye $721,500 $440,115 223,665 12,266 9,380 685,426 $ 36,074 $ 2.22 1 Yr Ago $ 523,600 $340, 340 132,471 12,043 7,854 492,708 $ 30,892 Earnings per share $ 1.90 Additional information about the company follows. 15 Homework Saved Help Additional information about the company follows. Cannon stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per whare 1 Year ago $33.00 31.00 0.26 0.13 For both the Current Year and 1 Year Ago, compute the following ratios: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 2a. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2a Required 3 Compute the return on common stockholders' equity for each year. Return On Common Stockholders' Equity. Choose Denominator Choose Numerator: Return On Common Stockholders' Equity Return on common stockholders' equity % Current Year: 1 Year Ago: 11 Required 2 > $33.00 Connon stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year ago 31.00 0.26 0.13 For both the Current Year and 1 Year Ago, compute the following ratios: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 2a. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2a Required 3 Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Price:Earnings Ratio Choose Denominator Choose Numerator: Price-Earnings Ratio Price-earnings ratio Current Year: 1 1 Year Ago: (Required 1 Required 2a > Common stock market price December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year ago 31.00 0.26 0.13 For both the Current Year and 1 Year Ago, compute the following ratios: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 2a. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2a Required 3 Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Choose Numerator: Dividend Yield Choose Denominator 2 Current Year: Dividend Yield Dividend yield % % 1 1 Year Ago 7