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please help! Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise
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Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 $ 31,800 89,500 112,500 10,700 278,500 $523,000 $ 35,625 $ 37,800 62,500 50,200 82,500 54,000 9,375 5,000 255,000 230,500 $445,000 $ 377,500 $129,900 98,500 163,500 131, 100 $523,000 $ 75,250 $ 31,250 101,500 83,500 163,500 163,500 104,750 79, 250 $445,000 $ 377,500 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 Current Yr $673,500 $411,225 209,550 12,100 9,525 642400 1 Yr Ago $ 532,000 $ 345,500 134,980 13300 8845 502.625 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 Yr $673,500 $411,225 209,550 12, 100 9,525 642,400 $ 31,100 $ 1.90 1 Yr Ago $ 532,000 $345,500 134,980 13,300 8,845 502,625 $ 29, 375 $ 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 $ 30.00 28.00 0.29 0.24 For both the current year and one year ago, compute the following ratios. 1. Return on common stockholders' equity 2. Dividend yield 3. Price-eamings ratio on December 31 30. Assuming Simon's competitor has a price earnings ratio of 10, which company has higher market expectations for future growth? Help Save & Exit Check 2. Dividend yield. 3. Price-earnings ratio on December 31 30. Assuming Simon's competitor has a price earnings ratio of 10, 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 3 Required 3a Compute the return on common stockholders' equity for each year. Return On Common Stockholders Equity Choose Numerator: Choose Denominator Return On Common Stockholders' Equity Return on common stockholders' equity Current Year 10 1 Year Ago Required 2 > 1011 11 Next > ecember 31 30. Assuming Simon's competitor has a price earnings ratio of 10, which company has higher market expectations for future gr Complete this question by entering your answers in the tabs below. Required 1 Requireme Required 3 Required 3a Compute the dividend yield for each year, (Round your answers to 2 decimal places.) Dividend Yield Choose Numerator: 1 Choose Denominator Dividend Yield Dividend yield % Current Year: 1 Year Ago: % 2. Dividend yield. 3. Price-earnings ratio on December 31 3a. Assuming Simon's competitor has a price earnings ratio of 10, which company has higher market expectations for future growth Complete this question by entering your answers in the tabs below. Required 1 Required 2 Real sed 3 Required 3a Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places Price-Earnings Ratio 1 Choose Denominator Choose Numerator: Price-Earnings Ratio Price-warnings ratio Current Year: M 1 Year Ago: 2. Dividend yield. 3. Price-earnings ratio on December 31 30. Assuming Simon's competitor has a price earnings ratio of 10, 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 3 Requil yd 3a Assuming Simon's competitor has a price-earnings ratio of 10, which company has higher market expectations for future growth? Which company has higher market expectations for future growth? Step by Step Solution
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