2017 2016 2015 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 earninga Total liabilities and equity $ 31,300 $ 34,100 $ 37,800 88,500 62,900 53,200 36,626 83,500 54,000 10,830 10,287 4,376 402 744 294, 213 240,624 $570,000 $485,000 $390,000 $143,349 $ 83,604 $ 50,450 107,160 113,781 84,466 162,500 162,500 162,500 156,991 125, 115 92,584 $570,000 $485,000 $390,000 The company's income statements for the years ended December 31, 2017 and 2016, follow, 2017 $741.000 $452,010 229,710 12,597 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2016 $577,150 $375,148 146,019 13,274 8.657 543,098 $ 34,052 S 2.10 703,950 $ 37,050 $ 2.28 2017 The company's income statements for the years ended December 31, 2017 and 2016, follow. Tor Year Ended December 31 2016 Salon $741,000 8 577,150 Cost of goods nold $452,010 $375,148 Other operating expenses 229,710 146,019 Interest expenne 12,597 13,274 Income taxes 9,633 8,657 Total costs and expenses 703,950 542,098 Net Income $ 37,050 $ 34,052 Earnings per share 2.10 Additional information about the company follows. Common stock market price, December 31, 2017 Common stock market price, December 31, 2016 Annual cash dividenda per share in 2017 Annual cash dividends per share in 2016 $29.00 27.00 0.32 0.16 To help evaluate the company's profitability, compute the following ratios for 2017 and 2016: 1. Return on common stockholders' equilty. 2. Price-earnings ratio on December 31. 3. Dividend yield 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the return on common stockholders' equity for each year. Return On Common Stockholders' Equity Choose Denominator Choose Numerator: 2017 2016 II 1 Required 2 > To help evaluate the company's profitability, compute the following ratios for 2017 and 2016: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 2017 7 2016 To help evaluate the company's profitability, compute the...owing ratios for 2017 and 2016: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Dividend Yield Choose Numeratori Choose Denominator Dividend Yield Dividend yield 11 2017 96 2016 96