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Required information Use the following lnformetlon for the Exerelses below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets
Required information Use the following lnformetlon for the Exerelses below. (Algo) [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: Exerclse 17-11 (Algo) Analyzing profltabllity LO P3 The company's Income statements for the Current Year and 1 Year Ago, follow. Additlonal Information about the company follows. For both the current year and one year ago, compute the following ratlos: 1. Retum on equlty. 2. Dividend yleld. 3a. Price-earnings ratio on December 31 . 3b. Assuming Simon's competitor has a price-earnings ratio of 8 , 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
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