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 Liabilities and Equity Current Year 1 Year Ago 2 Years Ago $ 37,926 67,027 $ 39,115 51,632 $ 33,088 94,968 119,404 10,449 286,571 $ 544,480 88,572 9,660 266,194 $ 469,379 $ 81,705. 111,196. 163,500 112,978 Accounts payable $ 136,931 Long-term notes payable Common stock, $10 par value Retained earnings 103,386 163,500 140,663 Total liabilities and equity $ 544,480 $ 469,379 For both the current year and one year ago, compute the following ratios: 55,543 4,390 244,420 $ 395,100 $ 53,718 88,190 163,500 89,692 $ 395,100 ces Exercise 13-11 (Algo) Analyzing profitability LO P3 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 707,824 5 431,773 219,425 12,033 9,202 672,433) $ 35,391 $2.18 1 Year Ago $ 363,065 141,316 12,847 8,378 $558,561 525,606 $ 32,955 $2.03 9 www 2. Dividend yield. 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 gro Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Compute the return on equity for each year. Return On Equity ences Current Year: 1 Year Ago: Numerator: Denominator: Return On Equity Return on equity % % Required 2 > < Prev 82 12 of 14 Next > 2. Dividend yield. 151 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. Required 1 Required 2 Required 3A Required 38 ok ences Compute the dividend yield for each year. (Round your answers to 2 decimal places.) + Numerator: Dividend Yield Denominator: Current Year: 1 Year Ago Dividend Yield Dividend yield % % nces 2. Dividend yield. 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. Required 1 Required 2 Required 3A Required 38 Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Current Year: 1 Year Ago: Numeratori Price-Earnings Ratio Denominator: < Required 2 Required 38 > Price-Earnings Ratio Price-earnings ratio es Additional Information about the company follows. Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago $ 30.00 28.00 0.24 0.12