9 Part 5 of 5 1 points Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Skipped At December 31 Assets Cash Accounts receivable, net eBook Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 551,783 $ 136,020 Hint Long-term notes payable Common stock, $10 par value Aski Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: 104,773 162,500 148,490 $ 551,783 Current Year 1 Year Ago 2 Years Ago $ 39,196 64,597 89,760 $ 33,206 91,524 116,261 10,589 300,203 9,689 272,433 $ 475,675 $ 82,801 109,405 163,500 119,969 $ 40,829 53,381 55,720 4,360 246,110 $ 400,400 $ 53,910 85,834 162,500 98,156 $ 400,400 $ 475,675 Print References Exercise 17-11 (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 Current Year 1 Year Ago $ 717,318 $ 566,053 $ 437,564 222,369 Total costs and expenses Net income 12,194 9,325 681,452 $ 35,866 $ 367,934 143,211 13,019 8,491 532,655 $ 33,398 $ 2.06 Earnings per share Additional information about the company follows. $ 2.21 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 $ 31.00 29.00 For both the current year and one year ago, compute the following ratios: 0.26 0.13 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 7, 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 3B Compute the return on equity for each year. Current Year: 1 Year Ago: Numerator: Preferred dividends Return On Equity. Denominator: Return On Equity Return on equity % < Required 1 Required 2 > %