| HOC CONNECT LOGIN XCh 13 Ex 13-11 https://newconnect.mheducation.com/flow/conn
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| HOC CONNECT LOGIN XCh 13 Ex 13-11 https://newconnect.mheducation.com/flow/connect.html?returnUrlshttps%3A%2F%2Fo Ex 13-11 Simon Company's year-end balance sheets follow Assets Cash Accounta receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by s 31,200 34,300 37,000 88,90064,700 59,500 88,01282,10050,700 10,363 10,2823,777 321.525 288,618 189-023 $540,000 $480,000 $340,000 $131.771 79,498 $44,431 mortgages on plant assets Common stock, $10 par value 100,505 110,400 77,394 162,500 162,500 162,500 145,224 127,602 55,675 $540,000 $480,000 $340,000 Total liabilities and equity The company's income statements for the years ended December 31, 2017 and 2016, follow 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 $ 702,000 $ 571,200 $428,220 217,620 11,934 9,126 371,280 144,514 13,138 8,568 666,900 s 35,100 S2-16 $ 33,700 2:07 Earnings per share Additional information about the company follows Cormon stock market price, December 31 2012 common stock market price. December 31, 2016 Annual caah dividend per share in 2017 Annual cash dividends pex share in 2016 $28.00 26.00 0.40 0.20Explanation / Answer
Return on common Stockholder' s equity :
Price earning ratio
Dividend yield
Return on Common Stockholder' s equity Net income - Preferred dividend / Average common Stockholder' s equity = Return on common Stockholder's equity 2017 35100 - 0 / 298913 = 11.74% 2016 33700 - 0 / 91638.50 = 36.77%Related Questions
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