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Chapter 17 Problems Saved Help 17 Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 5.92 Assets points Cash $ 31,800 $ 35,625 $ 37,800 50,200 54,000 5,000 230,500 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 89,500 112,500 62,500 82,500 9,375 255,000 eBook 10,700 278,500 Total assets $523,000 $445,000 $377,500 Hint Liabilities and Equity Accounts payable Long-term notes payable $129,900 $ 75,250 $ 51,250 Print secured by mortgages on plant assets Common stock, $10 par value 98,500 163,500 131,100 101,500 163,500 83,500 163,500 79,250 References Retained earnings 104,750 Total liabilities and $523,000 $445,000 $377,500 equity The company's income statements for the years ended December 31, 2017 and 2016, follow 17 For Year Ended 2017 2016 December 31 Sales $673,500 $532,000 Cost of goods sold $411,225 Other operating $345,500 5.92 polnts 209,550 134,980 expenses Interest expense 12,100 9,525 13,300 8,845 Income taxes Total costs and eBook 642,400 502,625 expenses Net income $ 31,100 $29,375 Hint Earnings per share 1.90 1.80 Print Additional information about the company follows. References Common stock market price, December $30.00 31, 2017 Common stock market price, December 31, 2016 Annual cash dividends per share in 2017 Annual cash dividends per share in 2016 28.00 0.29 0.24 To help evaluate the company's profitability, compute the following ratios for 2017 and 2016: 5.92 points 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Prnt Compute the return on common stockholders equity for each year. Return On Common Stockholders' Equity Return OnCommon Stockholders' Equity Choose Numerator /Choose Denominator References Retum on common stockholders equity 2017 2016 Required 2 To help evaluate the company's profitability, compute the following ratios for 2017 and 2016: 5.92 points 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31 3. Dividend yield. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Print Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Price-Eanings Ratio Choose Denominator: References Choose Numerator Price-Earnings Ratio Price-earnings ratio 2017 2016 Required 1 Required 3 To help evaluate the company's profitability, compute the following ratios for 2017 and 2016: 5.92 polnts 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Print Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Dividend Yield References Choose Numerator: Choose Denominator: Dividend Yield Dividend yield 2017 2016
