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Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Year $ 43 57 61 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 $ 36,237 103,996 132,049 11,669 318, 189 $ 682,140 $ 42,357 74,125 94,110 10,683 297,811 $ 519,886 273 S 441 $ 152,932 110,938 163,500 174,770 682,140 $ 89, 480 117,002 162,508 150,104 $ 519,086 $ 58 100 162 119 S 441 For both the current year and one year ago, compute the following ratios: The company's income statements for the Current Year and 1 Year Ago, follow, For Year Ended December 31 Current Year 1 Year Ago Sales $ 782, 782 $ 61 Cost of goods sold $ 477,497 $ 481,513 Other operating expenses 242,662 156,281 Interest expense 13,307 14, 207 Income tax expense 10,176 9,266 Total costs and expenses 743,642 Net income $ 39, 140 $ 2.41 Earnings per share luule Additional information about the company follows. $28.00 26.00 2.34 0.17 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 the current year and one year ago, compute the following ratios: y's year-end balance sheets follow. 31 Current Year 1 Year Ago 2 Years Ago $ 36,237 103,996 132,049 11,669 318, 189 $ 602, 140 $ 42,357 74,125 94, 110 10,683 297,811 $ 519,086 $ 43,699 57,682 61,425 14,758 273,836 $441,400 ceivable, net inventory benses Ets, net ts Es and Equity ayable notes payable ock, $10 par value earnings bilities and equity $ 152,932 110,938 163,500 174, 770 $ 602, 140 $ 89,480 117,002 162,500 150, 104 $ 519,086 $ 58,847 100,476 162,500 119,577 $441,400 current year and one year ago, compute the following come statements for the Current Year and 1 Year Ago, follow. d December 31 sold Ing expenses ense expense and expenses Current Year $ 782,782 $ 477,497 242,662 13,307 10,176 743, 642 $ 39, 140 $ 2.41 1 Year Ago $ 617,712 $ 401,513 156,281 14,207 9,266 581,267 $ 36, 445 $ 2.24 share mation about the company follows. : market price, December 31, Current Year market price, December 31, 1 Year Ago dividends per share in Current Year dividends per share 1 Year Ago $28.00 26.00 0.34 0.17 the following ratios: Award: 2.00 points The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 782,782 $ 617 712 Cost of goods sold $ 477,497 $ 401,513 Other operating expenses 242,662 156,281 Interest expense 13,307 14,207 Income tax expense 10.176 9,266 Total costs and expenses 743,642 581,267 Net Income $ 39,140 $ 36,445 Earnings per share $ 2.41 $ 2.24 0.34 0.17 Additional information about the company follows. Common stock market price, December 31, Current Year $ 28,00 Common stock market price, December 31, 1 Year Ago 26.00 Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2. Dividend yield 3a. Price-eamings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 7, 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 3A Required 38 Compute the return on equity for each year. Return On Equity Denominator: Numerator: Preferred dividends Return On Equity Rebum on equity Current Year: 1 Year Ago Required 2 >

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