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Hi could you please complete all parts? Simon Company's year-end balance sheets follow At December 31 Asset:s Cash Accounts receivable, net Merchandise inventory Prepaid expenses
Hi could you please complete all parts?
Simon Company's year-end balance sheets follow At December 31 Asset:s Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 2016 2015 $. 31,300 $ 34,800 89,400 102,803 10,555 64,400 84,100 8,849 36,800 53,900 51,100 3,333 154,867 315,942 237,851 $550,000 $430,000 $ 300,000 Liabilities and Equity Accounts payable Long-term notes payable secured by $136,950 $ 71,217 $ 40,788 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 104,434 101,867 66,963 162,500 162,500162, 500 94,416 146,116 29,749 $550,000 $430,000 $ 300,000 The company's income statements for the years ended December 31, 2017 and 2016, follow 2016 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 2017 $715,000 $511,700 $436,1560 221,650 12,155 9,295 $332,605 129,460 11,769 7676 679,250 $35,756e $ 2.20 481,510 $ 30,190 $1.86 Earnings per share Additional information about the company follows. Common stock market price, December 31, 2017 Common stock market price, December 31, 2016 Annual cash dividends per share in 2017 Annual cash dividends per share in 2016 31.00 29.00 0.38 0.19Step by Step Solution
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