Chapter 13 Homework Saved Required information [The following information applies to the questions displayed below. Part 1 of 3 Simon Company's year-end balance sheets follow. 2018 2017 2016 points 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 $ 30,600 $ 36,000 $ 37,800 86,700 61,500 50,000 112,000 80,000 54,000 10,500 9,250 4,900 281,000 249,000 231,000 $520,800 $435,750 $ 377,700 eBook Hint $128,400 $ 75,750 $ 50,800 97,000 99,750 81,000 162,500 162,500 162,500 132,900 97,750 83,400 $520,800 $435,750 $ 377,700 Print References The company's income statements for the years ended December 31, 2018 and 2017, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2018 $ 675,000 $391,500 195,750 12,200 9,600 609, 050 $ 65,950 $ 4.06 2017 $ 590,000 $377,600 141,600 13,100 8,800 541, 100 $ 48,900 $ 3.01 Evaluate the company's efficiency and profitability by computing the following for 2018 and 2017. (1) Profit margin ratio. Profit Margin Ratio 1 Choose Denominator: Choose Numerator: = Profit Margin Ratio Profit margin ratio 2018: 2017: Chapter 13 Homework A Saved Required information [The following information applies to the questions displayed below.] Part 2 of 3 Simon Company's year-end balance sheets follow. 2018 2017 2016 points 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 $ 30,600 $ 36,000 $ 37,800 86,700 61,500 50,000 112,000 80,000 54,000 10,500 9,250 4,900 281,000 249,000 231,000 $520,800 $435,750 $ 377,700 eBook Hint $128,400 $ 75,750 $ 50,800 97,000 99,750 81,000 162,500 162,500 162,500 132,900 97,750 83,400 $520,800 $435,750 $ 377,700 Print References The company's income statements for the years ended December 31, 2018 and 2017, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2018 $675,000 $391,500 195,750 12,200 9,600 609,050 $ 65,950 2017 $ 590,000 $377,600 141,600 13,100 8,800 541, 100 $ 48,900 $ 3.01 $ 4.06 Evaluate the company's efficiency and profitability by computing the following for 2018 and 2017 (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: = Total Asset Turnover Total asset turnover times 2018: 2017: times Chapter 13 Homework A Saved Required information [The following information applies to the questions displayed below.] Part 3 of 3 Simon Company's year-end balance sheets follow. 2018 2017 2016 points 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 $ 30,600 $ 36,000 $ 37,800 86,700 61,500 50,000 112,000 80,000 54,000 10,500 9,250 4,900 281,000 249,000 231,000 $520,800 $435,750 $ 377,700 eBook $ 128,400 $ 75,750 $ 50,800 97,000 99,750 81,000 162,500 162,500 162,500 132,900 97,750 83,400 $520,800 $435,750 $ 377,700 Print References The company's income statements for the years ended December 31, 2018 and 2017, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2018 $ 675,000 $391,500 195,750 12,200 9,600 609, 050 $ 65,950 $ 4.06 2017 $ 590,000 $ 377,600 141,600 13,100 8,800 541,100 $ 48,900 $ 3.01 Evaluate the company's efficiency and profitability by computing the following for 2018 and 2017. (3) Return on total assets. Return On Total Assets 1 Choose Denominator: Choose Numerator: Return On Total Assets Return on total assets 11 2018: 2017