AL Wecember Yr gogo 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 $ 31,900 $ 34,100 $ 36,600 89,900 63,600 52,899 184,405 82, 100 56,000 1e, 176 9,734 3,234 283,619 260,466 151, 366 $520,000 $450,000 $300,000 $133, 364 $ 76,850 $ 38,412 98,738 184,535 66,963 162,500 162,500 162,500 125, 398 106,915 32,125 $520,000 $450,000 $ 300,000 The company's income statements for the current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales 5676,000 $ 535,500 Cost of goods sold $412,360 $348, 075 Other operating expenses 209,560 135,482 Interest expense 11,492 12,317 Income tax expense 8,788 8,033 Total costs and expenses 642,200 503.907 Net income $ 33,800 $ 31,593 Earnings per share $ 2.08 $ 1.94 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 $ 32.00 30.00 0.38 0.19 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