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Simon Companys year-end balance sheets follow.

At December 31	2018			2017			2016
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			163,500
Retained earnings		131,100			104,750			79,250
Total liabilities and equity	$	523,000		$	445,000		$	377,500

The companys income statements for the years ended December 31, 2018 and 2017, follow.

For Year Ended December 31	2018						2017
Sales				$	673,500					$	532,000
Cost of goods sold	$	411,225					$	345,500
Other operating expenses		209,550						134,980
Interest expense		12,100						13,300
Income taxes		9,525						8,845
Total costs and expenses					642,400						502,625
Net income				$	31,100					$	29,375
Earnings per share				$	1.90					$	1.80

Additional information about the company follows.

Common stock market price, December 31, 2018	$	30.00
Common stock market price, December 31, 2017		28.00
Annual cash dividends per share in 2018		0.29
Annual cash dividends per share in 2017		0.24

To help evaluate the company's profitability, compute the following ratios for 2018 and 2017: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield.

1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the return on common stockholders' equity for each year. Return o Return On Common Stockholders' Equity I Choose Denominator: | / Average common stockholders' equity I $ - Return Choose Numerator: Preferred dividends 31,1001 - 29,375 - Net income 2018 $ 2017 $ 28 = 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the price-earnings ratio for each year. Price-Earnings Ratio Choose Denominator: Choose Numerator: Price-Earnings Ratio Price-earnings ratio 2018 2017 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the dividend yield for each year. Dividend Yield Choose Denominator: Choose Numerator: = Dividend Yield Dividend yield 2018 IIII 2017 0 %

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