ucation.com/flow/connect.html Simon Company's year-end balance sheets follow. 2018 2017 2016 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 $ 31,800 $ 35,625 $ 37,880 89,500 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230, 500 $523,000 $445,000 $ 377,500 $129,900 $ 75,250 $ 51,250 98,500 163,500 131, 100 $523,000 101,500 163,500 104,750 $445,00 83,500 163,500 79,250 $ 377,500 The company's income statements for the years ended December 31, 2018 and 2017, follow 2018 5 673,500 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share $ 411,225 209,550 12,100 9,525 2017 $ 532,000 $ 345,500 134,980 13,300 8,845 502,625 $ 29,375 $ 1.80 642,400 $31,180 $ 1.90 Additional information about the company follows. ce, December 31, 2015 28.08 Common stock market price, December 31, 2018 Common stock market price, December 31, 2017 Annual cash dividends per share in 2018 Annual cash dividends per share in 2017 28.00 0.29 0.24 To help evaluate the company's profitability, compute the following ratios for 2018 and 2017: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31 3. Dividend yield. Complete this question by entering your answers in the tabs below. w 1,500 12,00 9,525 8,845 ATLETE Experise Income taxes Total costs and expenses Net income Earnings per share 642,400 $ 31,100 502,625 29,375 $ $ 1.90 $ 1.80 Additional information about the company follows. Common stock market price, December 31, 2018 Common stock market price, December 31, 2017 Annual cash dividends per share in 2018 Annual cash dividends per share in 2017 $ 30.ee 28.00 0.29 0.24 To help evaluate the company's profitability, compute the following ratios for 2018 and 2017 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the price-earnings ratio for each year. Price Earnings Ratio Choose Numerator: Choose Denominator TIL 2018 2017 Price Earnings Ratio Price-earnings ratio - = = = VA 12,100 9,525 13,300 8,845 Interest expense Income taxes Total costs and expenses Net income 642.40 502,625 29,375 $31.12 $ Earnings per share $ 1.80 Additional information about the company follows. Common stock market price, December 31, 2018 Common stock market price, December 31, 2017 Annual cash dividends per share in 2018 Annual cash dividends per share in 2017 $ 30.00 28.00 0.29 0.24 To help evaluate the company's profitability, compute the following ratios for 2018 and 2017: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the dividend yield for each year. Choose Numerator Dividend Yield Choose Denominator: Dividend Yield Dividend yield 2018 2017 7 I 0 %