8 Simon Company's year-end balance sheets follow. Current Yr 1 yr Ago 2 Yrs Ago 10 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 $ 31,300 $ 34,400 $ 38,000 89,700 63,700 59,300 74, 174 84,600 50,600 10,640 9,030 3,960 354,186 238,270 208,140 $560,000 $430,000 $360,000 eBook Hint Print $139,440 $ 72,670 47,045 References 104,227 100,878 78,764 162,500 162,500 162,500 153,833 93,952 71,691 $560,000 $430,000 $ 360,000 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Y 1 Yr Ago Sales $728,000 $ 511,700 Cost of goods sold $444,080 $332,685 Other operating expenses 225,680 129,460 Interest expense 12,376 11,769 Income tax expense 9,464 7.676 Mc B 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 Yr $728,000 $444,080 225,680 12,376 9,464 691,600 $36,400 $ 2.24 1 Yr Ago $ 511,700 $332,605 129,460 11,769 7,676 481,510 $ 30,190 $ 1.86 Additional information about the company follows, int ences 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 $28.00 26.00 0.32 0.16 For both the Current Year and 1 Year Ago, compute the following ratios 1. Return on common stockholders' equity 2. Price-earnings ratio on December 31 20. Assuming Simon's competitor has a price-earnings ratio of 7 which company has higher market expectations for future 3. Dividend yield - 2. Price-earings ratio on December 31 20. Assuming Simon's competitor has a price earnings ratio of 7 which company has higher market expectations for future gro 3. Dividend yield Complete this question by entering your answers in the tabs below. Book Required 1 Required 2 Required 2a Required 3 Compute the return on common stockholders' equity for each year. Print erences Return On Common Stockholders' Equity Choose Numerator: y Choose Denominator: Net income Return On Common Stockholders' Equity Return on common stockholders' equity 09 Current Year: 1 Year Ago: 0 % Required 2 > 3. 2. Price-earnings ratio on December 31 20. Assuming Simon's competitor has a price-earnings ratio of 7, which company has higher market expectations for future 3. Dividend yield. Complete this question by entering your answers in the tabs below. ook Required 1 Required 2 Required 2a Required 3 Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) rences Choose Numerator: Price Earnings Ratio 1 Choose Denominator: 1 Price-Earnings Ratio Price-earnings ratio 0 1 Current Year: 1 Year Ago: 1 0 00 2. Price earnings ratio on December 31 20. Assuming Simon's competitor has a price-earnings ratio of 7, which company has higher market expectations for future growth? 3. Dividend yield Complete this question by entering your answers in the tabs below. Book Required 1 Required 2 Rdquired 2a Required 3 Hirt Print Assuming Simon's competitor has a price earnings ratio of 7, which company has higher market expectations for future growth? eferences Which company has her market expectations for future growi? 2. Price earnings ratio on December 31, 20. Assuming Simon's competitor has a price-earnings ratio of 7, which company has higher market expectations for future growth 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2a Required 3 Compute the dividend yield for each year. (Round your answers to 2 decimal places) Dividend Yield 1 Choose Denominator ces Choose Numerator: Dividend Yield Dividend yield 0 % Current Year: 1 Year Ago 0 %