Simon Company’s year-end balance sheets follow.
At December 31 | 2017 | 2016 | 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash | $ | 31,600 | $ | 34,600 | $ | 36,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable, net | 89,200 | 64,400 | 55,700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Merchandise inventory | 68,818 | 84,700 | 50,700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prepaid expenses | 10,613 | 9,438 | 3,852 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Plant assets, net |
369,769 |
251,862 | 193,748 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 570,000 | $ | 445,000 | $ | 340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities and Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts payable | $ | 140,511 | $ | 73,701 | $ | 44,880 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term notes payable secured
by mortgages on plant assets |
109,303 | 104,397 | 74,389 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, $10 par value | 162,500 | 162,500 | 162,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retained earnings | 157,686 | 104,402 | 58,231 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 570,000 | $ | 445,000 | $ | 340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The company’s income statements for the years ended December 31,
2017 and 2016, follow.
|
1. Return on common stockholders' equity.
2. Price-earnings ratio on December 31.
3. Dividend yield.
Calculate following :
Formula | 2017 | 2016 | |
Return on Common Stockholder's equity | Net income/Average common Stockholder's equity | 37050/293544 = 12.62% | 31243/243816.50 = 12.81% |
Price earning ratio | MPS/EPS | ||
Dividend yield | DPS/MPS | ||
Note : MPS and DPS is not given in question
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,600...
Help Seve & Exit Submit Simon Company's year-end balance sheets follow 10 31,600 $ 34,600 $ 36,000 55,700 68,818 84,700 50,700 3,852 64,480 Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 10,613 369,769 9,438 251, $570,000 $445,e00 340,000 $140,511 $ 73,701 44,880 ages on plant assets Common stock, $1e par value 109,303 104,397 74,389 162,500 162,50e 162,500 157, 686 184,482 58,231 Total liabilities and equity $570, 000 $445,000 340,00e The company's income statements for the years...
Exercise 13-11 Profitability analysis LO P3 Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,400 $ 34,700 $ 36,200 Accounts receivable, net 88,500 64,200 58,600 Merchandise inventory 107,339 84,200 50,300 Prepaid expenses 11,047 9,166 3,628 Plant assets, net 331,714 257,734 191,272 Total assets $ 570,000 $ 450,000 $ 340,000 Liabilities and Equity Accounts payable $ 143,349 $ 76,050 $ 44,880 Long-term notes payable secured by mortgages on plant assets 106,088 105,570 73,637 Common...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 35,662 $ 42,962 $ 44,296 Accounts receivable, net 107,579 75,183 56,767 Merchandise inventory 131,281 97,382 62,302 Prepaid expenses 11,484 11,054 4,731 Plant assets, net 330,773 305,125 266,304 Total assets $ 616,779 $ 531,706 $ 434,400 Liabilities and Equity Accounts payable $ 153,578 $ 90,757 $ 56,194 Long-term notes payable secured by mortgages on plant assets 118,274 124,738 97,922 Common stock, $10 par value 162,500 162,500...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 33,443 $ 39,092 $ 41,136 Accounts receivable, net 89,200 62,600 55,400 Merchandise inventory 115,000 85,000 56,000 Prepaid expenses 10,770 10,262 4,571 Plant assets, net 329,991 301,670 266,893 Total assets $ 578,404 $ 498,624 $ 424,000 Liabilities and Equity Accounts payable $ 141,142 $ 82,582 $ 54,849 Long-term notes payable secured by mortgages on plant assets 106,565 112,390 91,830 Common stock, $10 par value 162,500 162,500...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 29,607 $ 34,608 $ 35,690 Accounts receivable, net 89,500 62,600 57,300 Merchandise inventory 110,500 84,500 51,000 Prepaid expenses 9,535 9,085 3,965 Plant assets, net 262,674 241,807 212,545 Total assets $ 501,816 $ 432,600 $ 360,500 Liabilities and Equity Accounts payable $ 124,952 $ 73,109 $ 47,586 Long-term notes payable secured by mortgages on plant assets 94,341 99,498 79,671 Common stock, $10 par value 162,500 162,500...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
36,335
$
42,472
$
42,524
Accounts receivable, net
107,459
73,568
56,120
Merchandise inventory
139,163
102,226
60,994
Prepaid expenses
12,179
11,377
4,773
Plant assets, net
333,281
312,096
273,889
Total assets
$
628,417
$
541,739
$
438,300
Liabilities and Equity
Accounts payable
$
159,605
$
89,723
$
59,013
Long-term notes payable secured by
mortgages on plant assets
120,505
123,354
94,927
Common stock, $10 par value
162,500
162,500...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 27,923 $ 33,985 $ 32,679 Accounts receivable, net 85,935 58,886 45,369 Merchandise inventory 105,949 76,257 47,839 Prepaid expenses 9,270 8,833 3,743 Plant assets, net 258,832 242,650 210,670 Total assets $ 487,909 $ 420,611 $ 340,300 Liabilities and Equity Accounts payable $ 119,060 $ 71,083 $ 46,267 Long-term notes payable secured by mortgages on plant assets 92,644 93,838 75,206 Common stock, $10 par value 162,500 162,500...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 62,500 50,200 Merchandise inventory 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 Total assets $ 523,000 $ 445,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common stock, $10 par value 163,500 163,500...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,904
$
32,617
$
34,676
Accounts receivable, net
89,700
62,600
59,700
Merchandise inventory
113,000
83,000
54,000
Prepaid expenses
8,986
8,562
3,853
Plant assets, net
247,981
233,541
208,871
Total assets
$
487,571
$
420,320
$
361,100
Liabilities and Equity
Accounts payable
$
117,763
$
68,903
$
46,235
Long-term notes payable secured by
mortgages on plant assets
88,913
93,773
77,409
Common stock, $10 par value
162,500
162,500...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
35,286
$
41,246
$
40,887
Accounts receivable, net
101,276
68,676
54,516
Merchandise inventory
124,839
95,381
58,060
Prepaid expenses
11,143
10,407
4,634
Plant assets, net
308,101
284,846
254,903
Total assets
$
580,645
$
500,556
$
413,000
Liabilities and
Equity
Accounts payable
$
143,135
$
86,286
$
55,606
Long-term notes payable secured
by
mortgages on plant assets
111,344
117,430
93,098
Common stock, $10 par value
162,500
162,500...