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posting for the 4th time. Thanks Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant
posting for the 4th time. Thanks
Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 2016 2015 $ 31,200 34,700 $ 36,500 55,900 57,000 3,773 400,481 294,319 196, 827 $540,000 $485,000 350,000 89,700 62,900 8,462 83,100 9,981 10,157 Liabilities and Equity Accounts payable Long-term notes payable secured by $133,115 $. 80,326 46,662 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 77,350 162,500 162,500 162,500 63,488 $540,000 $485,000 $ 350,000 101,520 113,781 142,865 128,393 The company's income statements for the years ended December 31, 2017 and 2016, follow ear Ended December 31 For Y Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 2017 2016 $702,000 $ 577,150 $428,220 217,620 11,934 9,126 $375,148 146,019 13,274 8,657 666,900e $ 35,100 $2.16 543,098 $ 34,052 $ 2.10 Earnings per share Additional information about the company follows Common stock market price, December 31, 2017 Common stock market price, December 31, 2016 Annual cash dividends per share in 2017 Annual cash dividends per share in 2016 $ 28.00 26.00 0.22 0.11 To help evaluate the company's profitability, compute the following ratios for 2017 and 2016 1. Return on common stockholders' equity 2. Price-earnings ratio on December 31. 3. Dividend yieldStep by Step Solution
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