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Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year
Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements for the Current Year and 1 Year Ago, follow. Additional information about the company follows. 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 7, which company has higher market expectations for future growth? Complete this question by entering your answers in the tabs below. Compute the return on equity for each year. Compute the dividend yield for each year. Note: Round your answers to 2 decimal places. Compute the price-earnings ratio for each year. Note: Round your answers to 2 decimal places
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