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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 2 Years Ago Assets Cash $ 24,653 $ 29,111 $ 30,631 Accounts receivable, net 70,723 51,974 40,432 Merchandise inventory 88,921 68,000 44,374 Prepaid expenses 8,182 7,565 3,403 Plant assets, net 233,899 210,917 190,560 Total assets $426,378 $ 367,567 $ 309,400 Liabilities and Equity Accounts payable $ 108,291 $ 61,498 $ 41,249 Long-term notes payable 80, 159 84,540 67,010 Common stock, $10 par value 163,500 163,500 162,500 Retained earnings 74,428 58, 029 38,641 Total liabilities and equity $ 426,378 $ 367,567 $ 309, 400 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 Cost of goods sold Other operating expenses Interest expense Current Year $ 554,291 $ 338, 118 171,830 9,423 1 Year Ago $ 437,405 $ 284,313 110,663 10,060 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 Current Year 1 Year Ago Sales $ 554,291 $ 437, 405 Cost of goods sold $ 338, 118 $ 284,313 Other operating expenses 171,830 110,663 Interest expense 9,423 10,860 Income tax expense 7,206 6,561 Total costs and expenses 526,572 411,597 Net income $ 27,714 $ 25,808 Earnings per share $ 1.71 $ 1.59 Additional information about the company follows. Common stock market price, December 31, Current Year $ 32.00 Common stock market price, December 31, 1 Year Ago 30.80 Annual cash dividends per share in Current Year 0.26 Annual cash dividends per share 1 Year Ago 0.13 For both the current year and one year ago, compute the following ratios: 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, which company has higher market expectations for future growth? Complete this question by entering your answers in the tabs below. 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, which company has higher market expectations for future growth? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B Compute the return on equity for each year. Return On Equity Numerator Denominator: Return On Equity Retum on equity Current Year: 1 Year Ago: Required 2 > 30. Price-earnings Tour 3b. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Dividend Yield 1 Numerator: Denominator Dividend Yield Dividend yield % Current Year: 1 Year Ago % 3a. 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Price:Earnings Ratio 1 Denominator Numerator: Price-Earnings Ratio Price-earnings ratio Current Year: nces 1 Year Ago: 3a. 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 gi Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? Which company has higher market expectations for future growth? es Required 3A >