Homework Answers
Answer:
1.Return on Common Stockholders Equity = Net Income / Avg. Common Stock + Retained Earnings
Current Year = 34124 / ( 162580 + 134062 + 162580 + 137574 ) / 2 = 34124 / 298398 = 11.44%
1 Year ago = 34753 / ( 162580 + 137574 + 162580 + 78196 ) / 2 = 34753 / 270465 = 12.85%
2.Price Earnings Ratio = Market Price / Earning per share
Current Year = 28 / 2.10 = 13.33
1 Year ago = 26 / 2.14 = 12.15
2a.Both the companies have a PE ratio above 6 so both have higher market expectations for future growth.
3.Dividend Yield = Dividend per share / Market Price per share
Current Year = 0.20 / 28 = 0.714%
1 Year ago = 0.10 / 26 = 0.385%
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Simon Company's year-end balance sheets follow. At December 31 Current I Y Ago 2 Yrs Ago...
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago $ 31,900 $ 34,700 $ 37,200 88,600 62,500 53,300 43,574 82,700 56,500 11, 1558, 7593, 342 394,771 241, 341 159, 658 $570,000 $430,000 $ 310,000 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...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,200 $ 34,200 $ 37,700 88,100 64,600 54,500 22,977 82,300 55,600 9,952 8,861 4,070 387,771 245,039 218,130 $540,000 $435,000 $ 370,000 $131,771 $...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 31,800 $ 34,300 $ 36,200 Accounts receivable, net 89,700 62,500 53,300 Merchandise inventory 6,783 83,700 56,600 Prepaid expenses 10,986 9,345 3,665 Plant assets, net 450,731 255,155 190,235 Total assets $ 590,000 $ 445,000 $ 340,000 Liabilities and Equity Accounts payable $ 146,910 $ 73,701 $ 43,534 Long-term notes payable secured by mortgages on plant assets 112,029 100,303 76,643 Common stock,...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 31,300...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 31,300 $ 35,000 $ 37,500 88,000 64,800 59,200 80, 408 83,500 57,000 10,271 10,187 3,734 320,021 301,513 192,566 $530,000 $495,000 $350,000 sok 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 nt...
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago $ 31,600 $ 34,300 $ 37,600 88,300 63,500 60,000 2,570 83,700 51,900 10,950 3,308 431,580 229,856 157, 192 $565,000 $420,000 $ 310,000 8,644 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 $143,499...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 31,900 $ 34,600 $ 36,400 Accounts receivable, net 89,700 64,500 52,700 Merchandise inventory 75,437 83,700 53,600 Prepaid expenses 11,004 9,345 3,590 Plant assets, net 376,959 252,855 173,710 Total assets $ 585,000 $ 445,000 $ 320,000 Liabilities and Equity Accounts payable $ 141,295 $ 77,461 $ 42,240 Long-term notes payable secured by mortgages on plant assets 108,880 102,350 70,013 Common stock,...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net...
Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,600 $ 34,700 $ 36,200 88,800 62,200 56,300 48,013 82,700 54,300 10,044 9,301 3,889 366,543 241,099 199,311 $545,000 $430,000 $ 350,000 $134,348 $ 72,670 $ 45,276 101,435 98,900 75,029...
Current 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise...
Current 1 Yr Ago 2 Yrs Ago 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 $ 31,600 $ 34,500 $ 37,800 88,900 62,600 51,400 79,691 82,400 51,400 9.875 10.393 3.666 314,934 300, 107 185, 734 $525,000 $490,000 $330,000 $126,803 $ 80,326 $ 42,689 99,687 109,319 73,659...
Hello, I'm stuck on how to solve for this assignment. Simon Company's year-end balance sheets follow....
Hello, I'm stuck on how to solve for this assignment.
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago $ 31,600 88,900 8,088 10,910 440,502 $580,000 $ 35,000 $ 36,200 62,400 51,400 83,100 57,300 9,9794 ,070 289,521 221,030 $480,000 $370,000 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...
Simon Company's year-end balance sheets follow. Current Yri Yr Ago 2 Yrs Ago At December 31...
Simon Company's year-end balance sheets follow. Current Yri Yr Ago 2 Yrs Ago 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 $ 25,385 77,328 91,561 8,258 236,505 $439,037 $ 29, 370 $ 30,912 52,987 40,800 67,918 44,339 7,789 3,400 220, 416 195,949 $ 378, 480 $...
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago $ 31,900 $ 34,700 $ 37,200 88,600 62,500 53,300 43,574 82,700 56,500 11, 1558, 7593, 342 394,771 241, 341 159, 658 $570,000 $430,000 $ 310,000 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...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,200 $ 34,200 $ 37,700 88,100 64,600 54,500 22,977 82,300 55,600 9,952 8,861 4,070 387,771 245,039 218,130 $540,000 $435,000 $ 370,000 $131,771 $...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 31,300 $ 35,000 $ 37,500 88,000 64,800 59,200 80, 408 83,500 57,000 10,271 10,187 3,734 320,021 301,513 192,566 $530,000 $495,000 $350,000 sok 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 nt...
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago $ 31,600 $ 34,300 $ 37,600 88,300 63,500 60,000 2,570 83,700 51,900 10,950 3,308 431,580 229,856 157, 192 $565,000 $420,000 $ 310,000 8,644 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 $143,499...
Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,600 $ 34,700 $ 36,200 88,800 62,200 56,300 48,013 82,700 54,300 10,044 9,301 3,889 366,543 241,099 199,311 $545,000 $430,000 $ 350,000 $134,348 $ 72,670 $ 45,276 101,435 98,900 75,029...
Current 1 Yr Ago 2 Yrs Ago 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 $ 31,600 $ 34,500 $ 37,800 88,900 62,600 51,400 79,691 82,400 51,400 9.875 10.393 3.666 314,934 300, 107 185, 734 $525,000 $490,000 $330,000 $126,803 $ 80,326 $ 42,689 99,687 109,319 73,659...
Hello, I'm stuck on how to solve for this assignment.
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago $ 31,600 88,900 8,088 10,910 440,502 $580,000 $ 35,000 $ 36,200 62,400 51,400 83,100 57,300 9,9794 ,070 289,521 221,030 $480,000 $370,000 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...
Simon Company's year-end balance sheets follow. Current Yri Yr Ago 2 Yrs Ago 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 $ 25,385 77,328 91,561 8,258 236,505 $439,037 $ 29, 370 $ 30,912 52,987 40,800 67,918 44,339 7,789 3,400 220, 416 195,949 $ 378, 480 $...
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