Seved Chapter 17-Homework 7 Exercise 17-11 Profitability analysis LO P3 Simon Company's year-end balance sheets follow points 1720162015 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by s 31,000 34,100 36,700 89,60064,70050,90 88,34482,000 54,400 9,870 3,666 11,337 364 719 279,330 184 334 $585,000 $470,000 $330,000 eBook 9148,578 77,047 44,431 Hint nortgages on plant assets Common stock, $10 par value Retained earnings Total 1iabilitien and equity 107,780 109,181 74,389 162,500 162,500 162,500 166,142121,27248,680 $5B5,000 $470,000 330,000 Print The company's income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 201 2016 Bales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net incone 9760,500 559 300 463.905 235 755 12,929 9,987 363,545 141,503 12,864 8,390 822474 722 47 s 38,024 32,998 2.03 Earninge per share 2.34 Additional information about the company follows Ch 7 Common stock sarket price, Decenber 31, 2017 Common etook sarket price, Decenber 31, 2016 Annual canh dividenda per share in 2017 Annual cash dividends per share in 2016 33.00 31.00 0.26 0.13 To help evaluate the company's profitability, compute the following ratios for 2017 and 2016 points 1. Return on common stockholders' equity 2. Price-earnings ratio on December 31 3. Dividend yield. Complete this question by entering your answers in the tabs below Required 1 Required 2 Hint Required 3 Compute the return on common stockholders' equity for each year Print Choose Denominator Return On Retum on common stockholders' equity 2017 2010 Required 2 -13 compeny's proftablity. compute the following ratios for 2017 and 20n6 To heip evaluate the Retum on common stockhoidens equity of 39 Next Help Save& ExitSub Chapter 17-Homework Common stock arket priee, Decenber 312016 to help evaluate the compeny's profitability,compute the Sollowing ratios for 2017 and 2016 L Retun on common stockhoildens equity 2. Price eamings ratio on December 3 1. Dividend ylield Complete this queation by entering your answers in the tab C Prev 7 of 39 Next 31.00 the following ratios for 2017 and 2016