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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 $ 35,000 $ 37,000 88,100 64,600 57,800 56,021 82,400 53,900 10,842 9,870 4,264 378,237 278,130 227,036 $565,000 $470,000 $380,000 $143,499 $ 81,813 $ 50, 160 105,158 109,181 83,980 162,500 162,500 162,500 153,843 116,506 83,360 $565,000 $470,000 $380,000 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $734,500 $559, 300 Cost of goods sold $448,045 $363,545 Other operating expenses 227,695 141,503 Interest expense 12,487 12,864 Income tax expense 9,549 8,390 Total costs and expenses 697,776 526, 302 Net income $ 36,724 $ 32,998 Earnings per share $ 2.26 $ 2.03 Additional information about the company follows. Additional Information about the company follows: Common stock market price, December 31, Current Year Connon stock sarket price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago $33.00 31.00 8.34 For both the current year and one year ago, compute the following ratios: 1. Return on common stockholders equity. 2. Dividend yield 3. Price-carnings ratio on December 31 38. Assuming Simon's competitor has a price-camnings ratio of 6, 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 Hequired 3 Compute the return on common stockholders' equity for each year. Return On Common Stockholders fourty Choose Numerator Choose Denominator Return On Common Stockholders INot income Current Year 1 Year Ago Return on common stockholders equity 0 Required 2 > 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 $33.00 31.00 0.34 0.17 For both the current year and one year ago, compute the following ratios: 1. Return on common stockholders' equity. 2. Dividend yield 3. Price-earnings ratio on December 31. 3a. Assuming Simon's competitor has a price-earnings ratio of 6 which company has higher market expectations for fu Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 3a Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Choose Numerator: Dividend Yield Choose Denominator Current Year: 1 Year Ago 1 Dividend Yield Dividend yield 0 0 % = Required 1 Required > Additional information about the company follows. Common stock market price, December 31, Current Year $33.00 Common stock market price, December 31, 1 Year Ago 31.08 Annual cash dividends per share in Current Year 0.34 Annual cash dividends per share 1 Year Ago 0.17 For both the current year and one year ago, compute the following ratios: 1. Return on common stockholders' equity 2. Dividend yield 3. Price-earnings ratio on December 31, 3a. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future grow Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 30 Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Choose Numerator Price-Earnings Ratio Choose Denominator 1 Price Earnings Ratio Price earnings ratio 0 Current Year: 1 Year Ago 1 .
