Current Yr 1 Yr Ago 2 Yes Ago 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, sie par value Retained earnings Total liabilities and equity $ 31,200 87,600 110,500 10,600 276,000 $515,900 $ 36,000 $37,600 62,000 49,500 80,000 54,500 9,35 4,800 249,500 229, eee 5436,850 $375,48 $ 74,250 $50,600 $129,600 98,00 163,500 124,880 3515,900 101,750 82,400 163,500 163,500 97,350 78,900 $436,850 $375,400 The company's income statements for the Current Year and 1 Year Ago, follow, For Year Ended December 31 Current Yr 1 Yr Ago Sales $755,000 $ 630, eee Cost of goods sold $445,450 $396, 980 Other operating expenses 234,050 151,200 Interest expense 11,900 13,500 Income tax expense 9,400 Total costs and expenses 700,800 570, 500 Net income $ 54,200 $ 59,500 Earnings per share $ 3.31 $ 3.64 8,900 Required 3A Required 38 Return on total assets Return On Total Assets Choose Numerator: Choose Denominator: Return On Total Assets Return on total assets Current Year: 1 Year Ago: = - 1 At December 31 Current Yr 1 Ye Ago 2 Yrs Ago 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, sie par value Retained earnings Total liabilities and equity $ 31,100 $ 34,600 $ 36,680 88,200 62,000 51,800 56,634 84,900 53,300 9,962 9,555 3,333 349,104 263,945 154,967 $535,000 $455,000 $300,000 $129,219 $ 78,433 $ 39,996 103,586 106,743 66.963 162,500 162,500 162,500 141,695 107,324 30,541 $535,000 $455,000 $300,000 The company's income statements for the Current Year and 1 Year Ago, follow For Year Ended December 31 Current Yr 1 Yr Ago Sales $695,500 $ 541,450 Cost of goods sold $424,255 $351,943 Other operating expenses 215,605 136,987 Interest expense 11,824 12,453 Income tax expense 9,042 8,122 Total costs and expenses 660,726 5e9, ses Net income $ 34,774 $ 31,945 Earnings per share $ 2.14 $ 1.97 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 $ 30.00 28.00 0.40 @.20 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 3. Dividend yield. Required 1 Required 2 Required 2a Required 3 Compute the return on common stockholders' equity for each year. Return On Common Stockholders' Equity Choose Numerator: Choose Denominator: Net income Preferred dividends Return On Common Stockholders' Equity Return on common stockholders' equity 0 E Current Year: 1 Year Ago: O (Required: Required 2 > 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 Numerator: Choose Denominator: + Price-Earnings Ratio 1 Price-earnings ratio Current Year: 1 1 Year Ago: 0 0 Required 1 Required 2 Required 2a Required 3 Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Dividend Yield Choose Numerator: 1 Choose Denominator: Dividend Yield Dividend yield 0 % Current Year: / 1 Year Ago 0 %
