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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 $
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 $ 31,200 34,100 36,100 90,000 63,700 50,800 110,405 85,000 54,900 4,070 337,265 302,013 224,130 $580,000 $495,000 $370,000 11,130 10,187 Liabilities and Equit;y Accounts payable Long-term notes payable secured by $141,532 $ 83,655 $ 49,817 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 109,040 113,850 80,135 162,500 162,500 162,500 166,928 134,99577,548 $580,000 $495,000 $370,000 The company's income statements for the years ended December 31, 2017 and 2016, follow For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses 2017 2016 $754,000 $589,050 $459,940 233,740 12,818 9,802 $382,883 149,030 13,548 8,836 716,300 $ 37,700 $ 2.32 554,297 $ 34,753 $ 2.14 Net income 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 $33.00 31.00 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 yield Complete this question by entering your answers in the tabs below
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