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Simon Company's year-end balance sheets follow. Current Year t 2 of 2 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 $ 29,661 87,721 108,087 9,552 277,967 $ 512,988 ts eBook $ 123,902 95,477 162,500 131, 109 $ 512,988 Hint Print ferences The company's income statements for the Current year and 1 Year A For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Current Year $ 666, 884 $ 406, 799 206,734 11,337 8, 669 6B3539 CHU Prev For both the current year and one year ago, compute the follow f2 1. Return on equity. 2. Dividend yield. 3a. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 6, Complete this question by entering your answers in the tal Required 1 Required 2 Required 3A Required 3B nces Compute the return on equity for each year. Return 0 Numerator: Net income Preferred dividends CE VE 406790 nep [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 $ 29,661 87,721 108,087 9,552 277,967 $ 512,988 $ 35,025 63,151 81,813 9,287 252,955 $ 442,231 $ 35,053 47,692 52,331 3,974 222,250 $ 361,300 $ 123,902 95,477 162,500 131, 109 $ 512,988 $ 75,484 103,747 162,500 100,500 $ 442,231 $ 48,169 81,444 162,500 69,187 S 361,300 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Cost of goods sold Other operating expenses Interest expense Income tax expense Current Year $ 666,884 $ 406,799 206,784 11,337 8, 669 1 Year Ago $ 526, 255 $ 342,066 133, 143 12, 104 7.894