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I need help with my assignment please Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable net Merchandise inventory Prepaid expenses
I need help with my assignment please
Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable net Merchandise inventory Prepaid expenses Plant assets, net 2015 2014 2013 $ 31,600 $ 34,300 $ 37,600 39,900 63.100 58,800 41,297 82,400 52 700 10,628 10,395 4,029 391,575 309.805 216 871 TI S 565,000 $500,000 $ 370,000 Total assets $ 139 278 $ 85,345 $ 50,305 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earings 105 158 162,500 158 054 113 850 162 500 138 305 80 135 162,500 77.000 Total liabilities and equity $ 565,000 $500 000 S 370,000 The company's income statements for the years ended December 31 2015 and 2014. Follow For Year Ended December 31 2015 2014 Sales $734,500 $595,000 Cost of goods sold $448,045 $386,750 Other operating expenses 227695 150,535 Interest expense 12 487 13,685 Income taxes 9.549 8.925 Total costs and expenses 559 895 Net income $ 35.105 Earnings per share Additional information about the company follows 00 2000 Common market pe December 31, 2015 Common stock market price December 31, 2014 Annual cash didends per share in 2015 Awal cash dividend perware in 2014 To help evaluate the company's profitability compute the following ratios for 2015 and 2014 (1) Retum on common stockholders' equity Return On Common Stockholders Equity Choone Denominator: Average common stocho de que 31064 270 12 2015 5 3724
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