Simon Company\'s year-end balance sheets follow 2016 2015 At December 31 Assets

Question

Simon Company's year-end balance sheets follow 2016 2015 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 2017 $ 31,200 34,400 $ 36,900 51,300 47,475 82,100 51,500 3,594 401,715 275,337 186,706 $580,000 $465,000 330,000 88,700 63,300 10,910 9,863 $141,532 77,799 43,996 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 111,221 104,811 72,201 162,500 162,500 162,500 51,303 $580,000 $465,000 $330,000 164,747 119,890 The company's income statements for the years ended December 31, 2017 and 2016, f 2017 2016 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income $754,000 553,350 $459,940 233,740 12,818 9,802 $359,678 139,998 12,727 8,300 716,300 S 37,700 $ 2.32 520,703 $ 32,647 $2.01 Earnings per share

Explanation / Answer

1.

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3. Dividend yield

Return on common stock holders equity Return % 2017 37700       0 / 162500 = 23.20% (16250×0) 2016 32647       0 / 162500 = 20.09% (16250×0)

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