Mc Graw HAL Required Information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. Current Year 1 Year Ago $ 38,097 $ 31,933 95,415 67,343 117,567 91,659 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 9,899 18,788 382,361 274,023 $ 557,984 $ 481,021 Total assets Liabilities and Equity Accounts payable $ 81,293 $ 136,159 106,999 162,500 110,635 Long-tere notes payable Common stock, $10 par value 163,500 Retained earnings 152,326 125,593 Total liabilities and equity $ 557,984 $ 481,021 For both the current year and one year ago, compute the following ratios Exercise 13-11 (Algo) Analyzing profitability LO P3 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Year 1 Year Ago $ 725,379 Cost of goods sold Other operating expenses $442,481 224,867 $ 372,070 144,821 Interest expense Income tax expense 12,331 9,430 13,166 8,586 Total costs and expenses 689,109 Net income $36,270 Earnings per share $2.23 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 $29.00 27.00 0.30 0.15 For both the current year and one year ago, compute the following ratios 1. Return on equity. 12 2 Years Ago $ 48,496 53,981 57,496 4,454 248,483 $ 404,900 $ 53,447 89,483 162,500 99,470 $ 484,900 $ 572,415 538,643 $ 33,772 $ 2.08 Required information Ucher operating expenses Interest expense 244,00/ 12,331 Income tax expense 9,430 Total costs and expenses Net Income Earnings per share Additional information about the company follows. Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago $ 29.00 27.00 Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago 0.30 0.15 For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2. Dividend yield. 30. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Compute the return on equity for each year. Return On Equity Numerator Denominator Return On Equity Return on equity Net income Average common stockholders' equity 223 Current Year $ 200 x 1 Year Ago: $ Required 2 > 333 38.270- 33.772 689,109 $36,270 $ 2.23 Preferred dividends 16,250 16.350 x 149,04 13,166 8,586 538,643 $ 33,772 $ 2.08 4.477.6 5.376.0 Required information ales Cost of goods sold $ 442,483 ther operating expenses Interest expense 224,867 12,331 Income tax expense 9,438 Total costs and expenses Net income Earnings per share dditional 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 22.00 0.30 0.3 For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2. Dividend yield. 30. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for fut Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Price-Earnings Ratio Numerator Denominator: Market price per common share Current Year: $ 1 Year Ago: S $725,379 $ 36,270 5 2.23 Earnings per share S S $572,415 538,643 $ 33,772 $ 2.00 Price Earnings Ratio Price-earnings 152.6 142.1 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago Assets Cash $ 38,097 Accounts receivable, net $ 31,933 95,415 67,343 91,659 Merchandise inventory Prepaid expenses Plant assets, net 117,567 10,708 302,361 9,899 274,823 Total assets $ 557,984 $ 481,021 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value $ 81,293 118,635 $ 136,159 106,999 162,500 152,326 Retained earnings 163,500 125,593 Total liabilities and equity $ 557,984 $ 481,021 For both the current year and one year ago, compute the following ratios: Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow. Current Year 1 Year Ago For Year Ended December 31 Sales $ 725,379 $ 572,415 Cost of goods sold $ 442,481 224,867 $ 372,070 144,821 Other operating expenses Interest expense 13,166 12,331 9,430 Income tax expense 8,586 Total costs and expenses 689,199 $36,278 538,643 $ 33,772 Net income Earnings per share $ 2.23 $ 2.08 For both the Current Year and 1 Year Ago, compute the following ratios: (1-0) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) asset turnover. (3-a) Return on total assets (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 2 Years Ago $ 40,486 53,981 57,496 4,454 248,483 $ 484,900 $ 53,447 89,483 162,500 99,470 $ 404,900 Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow Current Year 1 Year Ago For Year Ended December 31 Sales $725,379 5 572,415 Cost of goods sold. $ 372,070 $ 442,481 224,867 Other operating expenses Interest expense 144,821 13,166 12,331 9,430 Income tax expense 8,566 Total costs and expenses 689,109 Net income $ 36,270 $ 33,272 Earnings per share $ 2.23 $ 2.08 For both the Current Year and 1 Year Ago, compute the following ratios: (1-0) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-0) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2 Required 3A Required 38 Compute total asset turnover for the current year and one year ago. Total Asset Turnover Numerator Denominator: Average total assets Total Asset Turnover Total asset turnover Net sales OF Current Year: 0 times 1 Year Ago: S 0 times Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow. 1 Year Ago For Year Ended December 31 Sales Current Year $ 725,379 $ 572,415 Cost of goods sold $ 442,481 $ 372,070 Other operating expenses Interest expense 224,867 13,166 Income tax expense 12,331 9,430 8,586 Total costs and expenses 689,109 538,643 Net income $ 36,270 Earnings per share $ 2.23 3.2.08 For both the Current Year and 1 Year Ago, compute the following ratios: (1-0) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-0) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ag Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2 Required 3A Required 38 Compute return on total assets for the current year and one year ago. Return On Total Assets Numerator:: Return On Total Assets Current liabilities x Return on total assets Current Year: 0 1 Year Ago: = = 0 % % Mc Graw HAL Required Information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. Current Year 1 Year Ago $ 38,097 $ 31,933 95,415 67,343 117,567 91,659 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 9,899 18,788 382,361 274,023 $ 557,984 $ 481,021 Total assets Liabilities and Equity Accounts payable $ 81,293 $ 136,159 106,999 162,500 110,635 Long-tere notes payable Common stock, $10 par value 163,500 Retained earnings 152,326 125,593 Total liabilities and equity $ 557,984 $ 481,021 For both the current year and one year ago, compute the following ratios Exercise 13-11 (Algo) Analyzing profitability LO P3 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Year 1 Year Ago $ 725,379 Cost of goods sold Other operating expenses $442,481 224,867 $ 372,070 144,821 Interest expense Income tax expense 12,331 9,430 13,166 8,586 Total costs and expenses 689,109 Net income $36,270 Earnings per share $2.23 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 $29.00 27.00 0.30 0.15 For both the current year and one year ago, compute the following ratios 1. Return on equity. 12 2 Years Ago $ 48,496 53,981 57,496 4,454 248,483 $ 404,900 $ 53,447 89,483 162,500 99,470 $ 484,900 $ 572,415 538,643 $ 33,772 $ 2.08 Required information Ucher operating expenses Interest expense 244,00/ 12,331 Income tax expense 9,430 Total costs and expenses Net Income Earnings per share Additional information about the company follows. Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago $ 29.00 27.00 Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago 0.30 0.15 For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2. Dividend yield. 30. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Compute the return on equity for each year. Return On Equity Numerator Denominator Return On Equity Return on equity Net income Average common stockholders' equity 223 Current Year $ 200 x 1 Year Ago: $ Required 2 > 333 38.270- 33.772 689,109 $36,270 $ 2.23 Preferred dividends 16,250 16.350 x 149,04 13,166 8,586 538,643 $ 33,772 $ 2.08 4.477.6 5.376.0 Required information ales Cost of goods sold $ 442,483 ther operating expenses Interest expense 224,867 12,331 Income tax expense 9,438 Total costs and expenses Net income Earnings per share dditional 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 22.00 0.30 0.3 For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2. Dividend yield. 30. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for fut Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Price-Earnings Ratio Numerator Denominator: Market price per common share Current Year: $ 1 Year Ago: S $725,379 $ 36,270 5 2.23 Earnings per share S S $572,415 538,643 $ 33,772 $ 2.00 Price Earnings Ratio Price-earnings 152.6 142.1 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago Assets Cash $ 38,097 Accounts receivable, net $ 31,933 95,415 67,343 91,659 Merchandise inventory Prepaid expenses Plant assets, net 117,567 10,708 302,361 9,899 274,823 Total assets $ 557,984 $ 481,021 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value $ 81,293 118,635 $ 136,159 106,999 162,500 152,326 Retained earnings 163,500 125,593 Total liabilities and equity $ 557,984 $ 481,021 For both the current year and one year ago, compute the following ratios: Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow. Current Year 1 Year Ago For Year Ended December 31 Sales $ 725,379 $ 572,415 Cost of goods sold $ 442,481 224,867 $ 372,070 144,821 Other operating expenses Interest expense 13,166 12,331 9,430 Income tax expense 8,586 Total costs and expenses 689,199 $36,278 538,643 $ 33,772 Net income Earnings per share $ 2.23 $ 2.08 For both the Current Year and 1 Year Ago, compute the following ratios: (1-0) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) asset turnover. (3-a) Return on total assets (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 2 Years Ago $ 40,486 53,981 57,496 4,454 248,483 $ 484,900 $ 53,447 89,483 162,500 99,470 $ 404,900 Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow Current Year 1 Year Ago For Year Ended December 31 Sales $725,379 5 572,415 Cost of goods sold. $ 372,070 $ 442,481 224,867 Other operating expenses Interest expense 144,821 13,166 12,331 9,430 Income tax expense 8,566 Total costs and expenses 689,109 Net income $ 36,270 $ 33,272 Earnings per share $ 2.23 $ 2.08 For both the Current Year and 1 Year Ago, compute the following ratios: (1-0) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-0) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2 Required 3A Required 38 Compute total asset turnover for the current year and one year ago. Total Asset Turnover Numerator Denominator: Average total assets Total Asset Turnover Total asset turnover Net sales OF Current Year: 0 times 1 Year Ago: S 0 times Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow. 1 Year Ago For Year Ended December 31 Sales Current Year $ 725,379 $ 572,415 Cost of goods sold $ 442,481 $ 372,070 Other operating expenses Interest expense 224,867 13,166 Income tax expense 12,331 9,430 8,586 Total costs and expenses 689,109 538,643 Net income $ 36,270 Earnings per share $ 2.23 3.2.08 For both the Current Year and 1 Year Ago, compute the following ratios: (1-0) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-0) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ag Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2 Required 3A Required 38 Compute return on total assets for the current year and one year ago. Return On Total Assets Numerator:: Return On Total Assets Current liabilities x Return on total assets Current Year: 0 1 Year Ago: = = 0 % %