Refer to Simon Companys financial information in Exercises 17-7 and 17-9. Additional information about the company follows.

Question:

Refer to Simon Company’s financial information in Exercises 17-7 and 17-9. Additional information about the company follows. To help evaluate the company’s profitability, compute and interpret the following ratios for 2014 and 2013:

(1) Return on common stockholders’ equity— percent rounded to one decimal,

(2) Price- earnings ratio on December 31— rounded to one decimal,

(3) Dividend yield— percent rounded to one decimal.

Common stock market price, December 31, 2014 . . . . . . . . $ 30.00

Common stock market price, December 31, 2013 . . . . . . . . 28.00

Annual cash dividends per share in 2014 . . . . . . . . . . . . . . . . 0.29

Annual cash dividends per share in 2013 . . . . . . . . . . . . . . . . 0.24

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...