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I just need this first one. Thanks [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Year 1

I just need this first one. Thanksimage text in transcribedimage text in transcribedimage text in transcribed

[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,101 95,937 120,622 10,449 295, 370 $ 555,479 $ 37,926 68,381 86,817 9,956 275,781 $ 478,861 $ 38,333 53, 196 56,104 4,259 243,208 $ 395,100 $ 136,931 107,563 162,500 148,485 $ 555,479 $ 82,546 107,935 162,500 125,880 $ 478,861 $ 50,589 88,190 162,500 93,821 $ 395,100 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 $ 722, 123 $ 440,495 223,858 12,276 9,388 686,017 $ 36, 106 1 Year Ago $ 569,845 $ 370, 399 144,171 13,106 8,548 536,224 $ 33,621 $ 2.07 $ 2.22 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 $ 33.00 31.00 0.34 0.17 Required 1 Required 2 Required 3A Required 3B Compute the return on equity for each year. 1 Return On Equity Denominator: Average common stockholders' equity $ 162.500 X Numerator: - Preferred dividends 0 Return On Equity Return on equity Net income $ 36,106 Current Year: 22.2 1 Year Ago: $ 33,621 0 0 Required 1 Required 2 >

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