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Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: Exercise 17-11 (Algo) Analyzing profitability LO
Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: Exercise 17-11 (Algo) Analyzing profitability LO P3 The company's income statements for the Current Year and 1 Year Ago, follow. For both the current year and one year ago, compute the following ratios: 1. Return on equity. 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. Compute the return on equity for each year. Compute the dividend yield for each year. Note: Round your answers to 2 decimal places. Compute the price-earnings ratio for each year. Note: Round your answers to 2 decimal places. Assuming Simon's competitor has a price-earnings ratio of 8 , which company has higher market expectations for future growth? Which company has higher market expectations for future growth
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