ACTG-04A-92566 (Fall 2022) X Question 6 - Chapter 17 Account X *Course Hero Course Hero X X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https. . . . Chapter 17 Accounting Problems i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 6 Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Part 5 of 5 At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 24, 711 $ 28, 884 $ 30, 693 3.12 Accounts receivable, net 73, 081 50, 548 38 , 937 points Merchandise inventory 89, 128 69, 522 43, 169 Prepaid expenses 8, 201 7, 892 3, 344 Plant assets, net 232, 251 211, 578 184, 857 Total assets $ 427, 372 $ 368, 424 $ 301, 000 Liabilities and Equity Accounts payable $ 106, 416 $ 63, 509 $ 39, 732 Long-term notes payable 79, 542 87, 280 65, 191 Common stock, $10 par value 163, 500 162, 500 162, 500 Retained earnings 77,914 55, 135 33,577 Total liabilities and equity $ 427, 372 $ 368, 424 $ 301, 000 For both the current year and one year ago, compute the following ratios: Mc Graw Hill 41.F Search L 10:12 AM Sunny 11/20/2022ACT6704A792566 (Fall 2022) X D Question 6 , Chapter 17 Accour X a Course Here X t Course Hero G G] E] I'ittii ezto.mheducation.com iii-\"index:i'iln'il[minzrtint'lie [e lam-:hUrl:I'ittps Chapter 17 Accounting Problems 0 Saved Help Save 5 Exit Submit Check my work made : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Exercise 17-11 (Algo) Analyzing profitability LO P3 A The company's income statements for the Current Year and 1 Year Ago, follow. Part 501'?) For Year Ended December 31 Current Year 1 Year Ago Sales $ 555,584 $ 438,425 Cost of goods sold 3 338,966 $ 284,976 other operating expenses 172,231 116,922 312 Interest expense 9,445 19,984 points Income tax expense 7.223 6,576 Total costs and expenses 527,885 412,558 Net income $ 27,779 $ 25,867 Earnings per share S 1,71 3 1,59 Additionai information about the company foilows. Common stock market price, December 31, Current Year $ 28,66 Common stock market price, December 31, 1 Year Age 2669 Annual cash dividends per share in Current Year 6.24 Annual cash dividends per share 1 Year Ago 8,12 For both the current year and one year ago, compute the foliowing ratios: V in 41 Al k I A re Q 10:12AM ' Sunny II ,o 593\"" - m it e' "' (In) D 11/20/2022 0 ACTG-04A-92566 (Fall 2022) X Question 6 - Chapter 17 Account X *Course Hero Course Hero X X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https. . . . Chapter 17 Accounting Problems i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 6 ! Required information Complete this question by entering your answers in the tabs below. Part 5 of 5 Required 1 Required 2 Required 3A Required 3B 3.12 points Compute the return on equity for each year. Return On Equity Numerator: 1 Denominator: = Return On Equi Preferred dividends = Return on equit Current Year: = 1 Year Ago: Mc Graw Hill 41.F Search 10:12 AM Sunny 11/20/2022ACTG-04A-92566 (Fall 2022) X Question 6 - Chapter 17 Account X *Course Hero Course Hero X X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https. . . . Chapter 17 Accounting Problems i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 6 ! Required information Complete this question by entering your answers in the tabs below. Part 5 of 5 Required 1 Required 2 Required 3A Required 3B 3.12 points Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Dividend Yield Numerator: Denominator: = Dividend Yield 1 = Dividend yield Current Year: = 0 % 1 Year Ago = 0 o/ Mc Graw Hill 41.F Search 10:12 AM Sunny 11/20/2022ACTG-04A-92566 (Fall 2022) X Question 6 - Chapter 17 Account X *Course Hero Course Hero X X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https. . . . Chapter 17 Accounting Problems i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 6 ! Required information Complete this question by entering your answers in the tabs below. Part 5 of 5 Required 1 Required 2 Required 3A Required 3B 3.12 points Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Price-Earnings Ratio Numerator: Denominator: = Price-Earnings Ratio Price-earnings ratio Current 0 Year 1 Year Ago: 0 Mc Graw Hill 41.F Search 10:12 AM Sunny 11/20/2022