1 inces Simon Company's year-end balance sheets follow. 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 Connon stock, $10 par value Retained earnings Total liabilities and equity 4,262 237,560 Current Year 1 Year Ago 2 Years Ago $ 31,170 89,455 $ 35,364 $37,217 64,387 50,635 109,132 85,082 53,926 10,038 278,157 9,564 252,113 $ 517,952 $446,510 $128,970 $76,215 96,401 103,724 163,500 163,500 129,081 103,071 $ 517,952 $446,510 For both the current year and one year ago, compute the following ratios: Exercise 13-11 (Algo) Analyzing profitability LO P3 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 673,338 $410,736 208,735 11,447 8,753 639,671 $ 33,667 $2.07 $ 383,600 $51,142 87,319 163,500 81,639 $ 383,600 1 Year Ago $ 345,376 134,431 12,221 7,970 $531,347 499,998 $31,349 $ 1.93 Additional information about the company follows. Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago $ 33.00 31.00 0.32 For both the current year and one year ago, compute the following ratios 0.16 1. Return on equity. 2. Dividend yield. 3a. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Compute the return on equity for each year. Current Year 1 Year Ago: Return On Equity Numerator Denominator Return On Equity Preferred dividends Return on equity Replied t Required 2 > % 3a. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Current Year: 1 Year Ago Numerator: Dividend Yield Denominator: = Dividend Yield Dividend yield % % 3a. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required Required 38 Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Current Year: 1 Year Ago: Numerator: Price-Earnings Ratio Denominator: Price-Earnings Ratio Price-earnings ratio