simon companys year end balance sheet follow

mework Saved Exercise 13-11 Profitability analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,100 $ 34,500 $ 37,200 89,800 63,500 59.000 39,195 2.600 58.500 10,853 9.319 4.305 389,052 245,082 220,995 $560,000 $435,000 $380,000 $139,440 $ 72, 780 $ 51.665 104,227 102,051 81,461 162,500 162,500 162,500 153,83397,669 84,374 $560,000 $435,000 $380.000 The company's income statements for the years ended December 31, 2017 and 2016, follow. 2017 $720,000 For Year Ended December 31 Sales Coot of goods sold Other operating expenses interest Income taxes Total costs and expenses et income Earnings per share 2016 $ 517.650 $336, 473 130,965 11,906 225,680 12.376 482.109 Additional information about the company follows. Pook 1 of 4 5 Next > CULILIT Homework Seved 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 $30.00 28.00 0.26 0.13 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 yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the return on common stockholders' equity for each year. Return On Common Stockholders' Equity Choose Denominator: 2017 2016 Required 2 > Pre t of 4 !!! Next >