44,377 47,276 3,626 198,161 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Current Year 1 Year Ago 2 Years Ago $ 26,262 80,040 $ 32,597 54,276 $ 32,960 99,649 75,381 8,893 244,049 $ 458,893 8,474 224,869 $ 395,597 $ 111,979 Long-term notes payable Common stock, $10 par value Retained earnings 87,135 162,500 97,279 $ 67,524 98,987 163,500 73,586 Total liabilities and equity $ 458,893 $ 395,597 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. $ 326,400 $ 43,516 71,413 163,500 47,971 $ 326,400 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 $ 596,561 $363,902 184,934 10,142 7,755 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 566,733 $ 29,828 $ 1.84 1 Year Ago $ 305,994 119,102 10,827 7,061 $28.00 26.00 For both the current year and one year ago, compute the following ratios: 1. Return on equity 2. Dividend yield. 3a. Price-earnings ratio on December 31. 0.28 0.14 $ 470,760 442,984 $ 27,776 $ 1.71 3b. Assuming Simon's competitor has a price-earnings ratio of 8, 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