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Simon Company's year-end balance sheets follow. Current YE 1 Y= Ago 2 Yea Ago At December 31 Agreta Caen Accounts receivable, het Merchandise inventory Prepaid
Simon Company's year-end balance sheets follow. Current YE 1 Y= Ago 2 Yea Ago At December 31 Agreta Caen Accounts receivable, het Merchandise inventory Prepaid expenses Plant saveta, net Total ansat Liabilities and Equity Accounts payable Long-te note. payable ecured by mortgages on piant anneta Comen stock, 610 par value Retained earninga Tatal liabilities and equity 6 31,500 634,800 $ 37,200 69,000 4,400 54,300 2.99 12,400 55,300 11, 22 2,747 4,055 449, 278 233, 653 229.145 53&5,000 6425,000 $300,000 6150,035 5 73,980 5 51, 163 106, 681 99,705 a 2, 300 162,500 162,500 162,500 165,784 eB, 015 B4,027 6585,000 $425,000 $200,000 The company's income statements for the Current Year and 1 Year Ago, follow. FOR Year Ended December 31 Sale Coat of goods sold Other operating expand Intent expone Income tax expense Total costs and expense Xat ineema Earnings per thara Cusson Y $760,300 $462, 905 235, 255 12,929 9.327 722,476 $ 38,024 $ 2.30 1 Yr Ago 5303.750 $328.738 122.955 11.632 2.386 475, 912 6 29,839 Additional information about the company follows. Common stock market price, December 11, Current $12.00 Yabe Common stock market price, December 31. 1 Year 28.03 Lugo Annual cash dividendo per aca in Current Year 2.32 Annual cash dividendo per anar 1 Year ago 0.1 Additional information about the company follows. $22.00 Common stock market price, December 31. Current Commen ateek market price, December 31, 1 Year Ago Annual cash dividenda per dare in Current Year Annual cash dividendo per anar 1 Year ago 30.00 0.32 0.16 For both the current Year and 1 Year Ago, compute the following ratios: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 2a. Assuming Simon's competitor has a price-eamings ratio of 6 which company has higher market expectations for future growth? 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Requires 2 Required 2 Required 3 Compute the return on common stockholders' equity for each year. Return On Common Stockholders' Equity Choose Denominator Choose Numerator: Return On Common Stockhokers Equity Rewr on common solders' equy 1 Current Year: 1 Year Ago: Required 2 > Requires 1 Required 2 Required 2a Required 3 Compute the price-eathings ratio for each year, (Round your answers to 2 decimal places.) Choose Numerator: Price Earnings Ratio Choose Denominator: 2 - Price Earnings Ratio Price-eamings ratio o 2 Current Year: 1 Year Ago: 2 I 0 Required 1 Required 2 Required 2a Reales 3 Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Olvidende Choose Denominator: 1 Choose Numerator: II Dividend Yuld Onderd yield 0 % 2 Current Year: 1 Year Ago - - 1 0 %
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