Homework Answers
| Return on Common Stockholders' Equity | |||||||
| Choose Numerator | / | Choose Denominator | = | Return on Common Stockholders' Equity | |||
| Net Income | - | Preferred dividends | / |
Average common stockholders' equity (Refer working note 1) |
= | Return on Common Stockholders' Equity | |
| 2017 | $36,724 | - | $0 | / | $296,937 | = | 12.4% |
| 2016 | $31,945 | - | $0 | / | $261,959 | = | 12.2% |
.
.
| Price-Earnings Ratio | |||||
| Choose Numerator | / | Choose Denominator | = | Price-Earnings Ratio | |
| Market price per common share | / | Earning per share | = | Price-Earnings Ratio | |
| 2017 | $30 | / | $2.26 | = | 13.3 |
| 2016 | $28 | / | $1.97 | = | 14.2 |
.
.
| Dividend Yield | |||||
| Choose Numerator | / | Choose Denominator | = | Dividend Yield | |
| Annual Cash dividend per share | / | Market price per share | = | Dividend Yield | |
| 2017 | $0.34 | / | $30.00 | = | 1.1% |
| 2016 | $0.17 | / | $28.00 | = | 0.6% |
.
.
| Working note 1 - Computation of average common stockholders' equity | ||
| 2017 | 2016 | |
| Beginning balance of stockholders' equity: | ||
| Beginning common stock | $162,500 | $162,500 |
| Add: Beginning Retained earnings | $110,464 | $88,453 |
| Total (a) | $272,964 | $250,953 |
| Ending balance of stockholders' equity: | ||
| Ending common stock | $162,500 | $162,500 |
| Add: Retained earnings | $158,409 | $110,464 |
| Total (b) | $320,909 | $272,964 |
| Average common stockholders' equity [(a + b) / 2] | $296,937 | $261,959 |
Add Answer to:
At December 31 2017 2016 2015 Assets Cash 31,200 34,700 63,200 37,000 54,500 88,000 26,956 10,950...
Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable,...
Simon Company's year-end balance sheets follow. 2017 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 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,300 $ 34,400 89,400 64,000 77,174 85,000 10,950 10,185 356,176 291,415 $565,000 $485,000 $ 36,600 55,000 51,200 3,308 163,892 $ 310,000 $142,092 $ 81,965 $ 40,511 106,220 189,319...
Exercise 13-11 Profitability analysis LO P3 Simon Company’s year-end balance sheets follow. At December 31 2017...
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...
At December 31 2017 2016 2015 Assets Cash $ 33,338 $ 40,138 $38,236 Accounts receivable, net...
At December 31 2017 2016 2015 Assets Cash $ 33,338 $ 40,138 $38,236 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 93,724 125,129 10,521 68,195 91,016 10,127 277,632 53,582 55,403 4,422 242,457 $565,045 $487,108 394,100 302,333 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $140,696 $ 82,321 50,461 112,035 162,500 130,252 $565,045 $487,108 394,100 109,415 162,500 152,434 85,354 162,500 95,785 Total liabilities and...
Apple-Space year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,400 $...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Apple-Space year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,400 $...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Exercise 13-11 Profitability analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At...
Exercise 13-11 Profitability analysis LO P3 Simon Company's year-end balance sheets follow. 2017 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 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,900 $ 35,625 $ 37.989 89,500 62.500 50.299 112,500 82,50 54.888 19.788 9.375 5,000 278,580 255,000 230,500 $523,000 $445,688 $ 377,500 $129.900...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 36,335...
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...
Apple-Space year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,400 $...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
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...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 35,286...
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...
Simon Company's year-end balance sheets follow. 2017 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 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,300 $ 34,400 89,400 64,000 77,174 85,000 10,950 10,185 356,176 291,415 $565,000 $485,000 $ 36,600 55,000 51,200 3,308 163,892 $ 310,000 $142,092 $ 81,965 $ 40,511 106,220 189,319...
At December 31 2017 2016 2015 Assets Cash $ 33,338 $ 40,138 $38,236 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 93,724 125,129 10,521 68,195 91,016 10,127 277,632 53,582 55,403 4,422 242,457 $565,045 $487,108 394,100 302,333 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $140,696 $ 82,321 50,461 112,035 162,500 130,252 $565,045 $487,108 394,100 109,415 162,500 152,434 85,354 162,500 95,785 Total liabilities and...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Exercise 13-11 Profitability analysis LO P3 Simon Company's year-end balance sheets follow. 2017 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 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,900 $ 35,625 $ 37.989 89,500 62.500 50.299 112,500 82,50 54.888 19.788 9.375 5,000 278,580 255,000 230,500 $523,000 $445,688 $ 377,500 $129.900...
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...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
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...
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...
Most questions answered within 3 hours.
-
This question is based on react js. Please don't do it if you
don't have thorough...
asked 3 minutes ago -
(CO E) A zombie computer is one that can result in
a denial of service attack...
asked 11 minutes ago -
A company manufactures in a foreign country and sells only to US
customers so that revenue...
asked 9 minutes ago -
(a) A 25.0mL of a unknwon concentration of HBr solution is
titrated with 0.100M NaOH solution....
asked 15 minutes ago -
1) Your research team has discovered a new single-celled
organism in the San Francisco Bay. By...
asked 27 minutes ago -
3.
a) For the molecule 16O18O,
write an equation for the probability that the rotational quantum...
asked 23 minutes ago -
Assume that each of the following scenarios pertain to a study
or exercise (exposure) and myocardial...
asked 34 minutes ago -
Which of the following statements is not true
with spanning trees and forests (in graph theory)?...
asked 36 minutes ago -
Baker Company purchased for $80,000 a patent on January 1, 2011.
The patent has an expected...
asked 33 minutes ago -
Why is it valuable for retailers to understand the complexity of
the standard-of-living concept? Justify your...
asked 36 minutes ago -
The stock market in the past week had declined 17%. The Risk
free rate is 3%,...
asked 43 minutes ago -
1,What is the following code an example of:
volatile int i = 0;
static void *f1(void...
asked 46 minutes ago