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Simple Simon's Balance Sheet and Income Statement Accounts Follow What Is Simple Simon's Return on Common Stockholders' Equity Ratio

question 57

Multiple Choice

Simple Simon's balance sheet and income statement accounts follow:
$\begin{array}{lrrr}\text { At December } 31&2011&2010&2009\\\text { Assets }\\\text { Cash } & \$ 30,872 & \$ 36,086 & \$ 37,974 \\\hline \text { Accounts receivable, net } & 89,476 & 63,151 & 50,632 \\\hline \text { Merchandise inventory } & 112,499 & 83,450 & 54,467 \\\hline \text { Prepaid expenses } & 9,942 & 9,473 & 4,219 \\\hline \text { Plant assets, net } & 291,143 & 268,126 & 244,108 \\\text { Total assets } & \$ 533,932 & \$ 460,286 & \$ 391,400\\\text { Liabilities and Equity }\\\text { Accounts payable } & \$ 130,290 & \$ 76,233 & \$ 50,632 \\\hline \text { Long-term notes payable secured by } & 98,372 & 103,748 & 107,769 \\\text { mortgages on plant assets } & 142,500 & 132,500 & 102,500 \\\hline \text { Common stock, } \$ 10 \text { par value } & 182,770 & 147,805 & 130,499\\\text { Total liabilities and equity }&\$533.932&\$460,286&\$391,400\end{array}$
$Simple Simon's balance sheet and income statement accounts follow: \begin{array}{lrrr}\text { At December } 31&2011&2010&2009\\ \text { Assets }\\ \text { Cash } & \$ 30,872 & \$ 36,086 & \$ 37,974 \\ \hline \text { Accounts receivable, net } & 89,476 & 63,151 & 50,632 \\ \hline \text { Merchandise inventory } & 112,499 & 83,450 & 54,467 \\ \hline \text { Prepaid expenses } & 9,942 & 9,473 & 4,219 \\ \hline \text { Plant assets, net } & 291,143 & 268,126 & 244,108 \\ \text { Total assets } & \$ 533,932 & \$ 460,286 & \$ 391,400\\ \text { Liabilities and Equity }\\ \text { Accounts payable } & \$ 130,290 & \$ 76,233 & \$ 50,632 \\ \hline \text { Long-term notes payable secured by } & 98,372 & 103,748 & 107,769 \\ \text { mortgages on plant assets } & 142,500 & 132,500 & 102,500 \\ \hline \text { Common stock, } \$ 10 \text { par value } & 182,770 & 147,805 & 130,499\\ \text { Total liabilities and equity }&\$533.932&\$460,286&\$391,400 \end{array} What is Simple Simon's return on common stockholders' equity ratio for 2010? A) 27.5% B) 25.4% C) 12.6% D) 29.4% E) 19.5%$
What is Simple Simon's return on common stockholders' equity ratio for 2010?

Definitions:

Mucosa

Mucous membrane consisting of epithelium and lamina propria. In the digestive tract, there is also a layer of smooth muscle.

Syncytiotrophoblast

A layer of multinucleated cells that form the outer layer of the blastocyst, contributing to the formation of the placenta in pregnancy.

Nonantigenic

Refers to substances that do not trigger an immune response by the body.

Endometrium

Mucous membrane composing the inner layer of the uterine wall; consists of a simple columnar epithelium and a lamina propria that contains simple tubular uterine glands.