Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,900 $ 34,300 $ 37,700 89,500 64,000 50,800 61,151 82,700 58,100 11,286 9,625 4,111 406,163 254,375 219, 289 $600,000 $445,000 $ 370,000 $150,894 $ 75,957 $ 50,305 112,800 100, 303 80,952 162,500 162,500 162,500 173, 806 106,240 76,243 $600,000 $445,000 $ 370,000 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 Yr $780,000 $475,800 241,800 13,260 10,140 741,000 $ 39,000 $ 2.40 1 Yr ARO $ 529,550 $344,208 133,976 12,180 7,943 498,387 $ 31,243 $ 1.92 Additional information about the company follows. 2.eeks 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 $ 32.00 30.00 0.28 0.14 For both the Current Year and 1 Year Ago, compute the following ratios: WO 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 20. Assuming Simon's competitor has a price earnings ratio of 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 Required 2 Required 2a Required 3 Compute the return on common stockholders' equity for each year. Return On Common StockholdersEquity Choose Numerator: Choose Denominator: Return On Common Stockholders' Equity Return on common stockholders' equity Current Year: 1 Year Ago: puis question by entering your answers in the tabs below. Required 1 Required 2 Required 2a Required 3 Compute the price earnings ratio for each year. (Round your answers to 2 decimal places.) Price Earnings Ratio Choose Numerator: . Choose Denominator: Price Earnings Ratio Price earnings ratio Current Year: 1 Year Ago: 1 search o i a ** 2 9 4 51F A Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2a Required 3 Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Dividend Yield Choose Denominator Choose Numerator Dividend Yield Dividend yield Current Year: 1 Year Ago 96 a ** O DI QI A 3 51"F -arch
