Required information (The following information applies to the questions displayed below Simon Company's year-end balanc

[answerhappygod]

Required Information The Following Information Applies To The Questions Displayed Below Simon Company S Year End Balanc 1 (41.32 KiB) Viewed 31 times

Required information (The following information applies to the questions displayed below Simon Company's year-end balance sheets follow 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 pari value Retained earnings Current Year $ 29,901 85,811 184,687 88,824 9,175 Current Year: 1 Year Ago: Total liabilities and equity For both the current year and one year ago, compute the following tr 394,004 200,231 10,980 8,397 Numerator Net income $ $ 30,072/ 1 Year 2 Years Ago Ago 3,887 9,629 266,824 243,063 216,610 353.400 $ S 496,852 428,321 The company's income statements for the Current Year and 1 Year Ago to For Year Ended December 31 1 Year Ago Sales Current Year 35,294 59,965 $ $ 122,479 71,662 47,582 91,548 108,484 76,539 163,500 163,500 163,500 119,333 92.675 $ $ 496,852 428,321 353,400 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share. Additional information about the company follows Connon stock market price, December 31, $ 29.00 Current Year 27.00 0.28 8.14 $ 645,908 613,612 $ 32,296 $ 1.99 36,036 46,182 58,685 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 For both the current year and one year ago, compute the following t 331,306 128,955 11,723 7,646 Denominator Average total equity 1. Return on equity 2. Dividend yield 3a. ratio on December 31 3b. Assuming Simon's competitor has a pice-eamings ratio of &, which company has higher market expectati future grow? Complete this question by entering your answers in the tabs below. Required Required Required Required 1 Compute the return on equity for each year. Return On Equity 509,702 479,630 $ 30,072 $ 1.85 Return On Equity Retumon equity Required 2 > **