2021 Sales Cost of goods sold Accounts receivable $ 282,880 128,200 18,100 2020 $ 270,800 122,080 17,300 2019 $ 252,600 115,280 16,400 2018 2017 $ 234,560 106,440 $ 150,000 67,000 15,200 9,000 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state w situation as revealed by the trend percents appears to be favorable or unfavorable. 2021: 2020: 2019: 2018: 2017: 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: Numerator: Trend Percent for Cost of Goods Sold: / Trend percent % % % % 10 % Denominator: Trend percent % % % % % ces 2017. 2021: 2020: 2019: 2018: 2017: 2021: 2020: 2019: 2018: 2017: Numerator: Trend Percent for Cost of Goods Sold: 70 Denominator: = Trend percent = % = 11 % 11 % % 16 % Trend Percent for Accounts Receivables: Numerator: Denominator: = Trend percent = 11 % = 110 % == % 10 10 [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 89,500 112,500 10,700 278,500 62,500 50,200 82,500 54,000 5,000 230,500 Total assets Liabilities and Equity $ 523,000 $ 445,000 Accounts payable $ 129,900 Long-term notes payable 98,500 $ 75,250 101,500 Common stock, $10 par value 163,500 Retained earnings 131,100 104,750 9,375 255,000 163,500 $ 377,500 $ 51,250 83,500 163,500 79,250 Total liabilities and equity $ 523,000 $ 445,000 $ 377,500 The company's income statements for the current year and 1 year ago, follow. Fon Ven mok nt int 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 Earnings per share Current Year $ 673,500 $ 411,225 209,550 12,100 9,525 642,400 $ 31,100 ences Additional information about the company follows. Common 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 $ 1.90 1 Year Ago $ 345,500 $ 30.00 28.00 0.29 0.24 $532,000 134,980 13,300 8,845 502,625 $ 29,375 For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2. Dividend yield. 3a. Price-earnings ratio on December 31. $ 1.80 3b. Assuming Simon's competitor has a price-earnings ratio of 10, which company has higher market expectations for future grow Complete this question by entering your are Required 1 Required 2 Required 3A Required 3B Compute the return on equity for each year. Numerator: Net income Current Year $ 31,100 / S 1 Year Ago $ 29,375/ $ Return On Equity Denominator: == Return On Equity Average total equity 163,500 = 163,500 = = Return on equity 19.0 % 18.0 % Required 1 Required 2> Required 1 Required 2 Required 3A Required 3B Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Price-Earnings Ratio Numerator: Current assets Current Year: 1 Year Ago: / Denominator: == Price-Earnings Ratio / Current liabilities = Price-earnings ratio = 0 11 0 Required 1 Required 2 Required 3A Required 3B Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Current Year: 1 Year Ago: Dividend Yield Numerator: Denominator: = Dividend Yield 1 = Dividend yield / = 0% 1 = 0% 5 3a. Price-earnings ratio on December 31. ts 3b. Assuming Simon's competitor has a price-earnings ratio of 10, which company has higher market expectations f eBook Complete this question by entering your answers in the tabs below. Hint Print Required 1 Required 2 Required 3A Required 3B eferences Assuming Simon's competitor has a price-earnings ratio of 10, which company has higher market expectations for future growth? Which company has higher market expectations for future growth?