Simon Company's year-end balance sheets follow
Required information The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago Assets 2 Yrs Ago $ 29,632 534.63735.719 89,400 63.00 5 . 111,500 32,500 58,000 9.542 9,092 3,969 262,160 243,731 212,812 $ 502,234 $432.960 $360,800 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 $ 125,056 $ 73,170 $ 47,626 94,420 162,500 120,258 $ 52.234 99,581 162.500 97,709 $ 432,960 79.737 162,500 70,937 $360,800 The company's income statements for the Current Year and 1 Year Ago follow. Assume that all sales are on credit: $ For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Current Yr $ 652,904 $ 398,271 202,400 11,099 8,488 620,258 $ 32.646 $ 2.01 1 Yr Ago $ 515,222 334,894 130,351 11,850 $ 484,823 30,399 Earnings per share 1-a) Compute days' sales uncollected 1-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. 202.408 11,099 Interest expense Income tax expense Total costs and expenses Net Income 130,351 11,850 7.728 620,258 32,646 $ 484,823 30.399 Earnings per share $ 2.01 (1-6) Compute days' sales uncollected (1-b) For each ratio, determine if it improved or worsened in the current year Complete this question by entering your answers in the tabs below. Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected LID1530 Additional information about the company follows $ 30.00 28.00 Connon stock market price, December 31, Current Year Con stock market price, December 31, 1 year ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year ago 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 growt 3. Dividend yield Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2a Required Compute the price earnings ratio for each year (Round your answers to 2 decimal places.) Price Laings Ratio Choose Denominator Choose Numerator - Price Tags Ratio Price-carnings ratio ( Required 1 202.408 11,099 Interest expense Income tax expense Total costs and expenses Net Income 130,351 11,850 7.728 620,258 32,646 $ 484,823 30.399 Earnings per share $ 2.01 (1-6) Compute days' sales uncollected (1-b) For each ratio, determine if it improved or worsened in the current year Complete this question by entering your answers in the tabs below. Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected LID1530 Additional information about the company follows $ 30.00 28.00 Connon stock market price, December 31, Current Year Con stock market price, December 31, 1 year ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year ago 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 growt 3. Dividend yield Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2a Required Compute the price earnings ratio for each year (Round your answers to 2 decimal places.) Price Laings Ratio Choose Denominator Choose Numerator - Price Tags Ratio Price-carnings ratio ( Required 1
