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 $ 44,030 76,290 $ 44,075 58,179 61,954 $ 36,922 109,172 138,622 12,250 335,147 $ 632,113 98,795 11,329 314,481 124,079 162,500 164,412 For both the current year and one year ago, compute the following ratios: 4,799 276,193 $ 445,200 $ 58,179 98,389 163,500 125,132 $ 445,200 $ 544,925 Long-term notes payable $ 158,970 120,026 $ 93,934 Common stock, $10 par value Retained earnings 162,500 190,617 Total liabilities and equity $ 632,113 $ 544,925 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Total costs and expenses Net income Current Year $ 821,747 $ 501,266 254,742 13,970 10,683 780,661 $ 41,086 1 Year Ago $ 648,461 $ 421,500 164,061 14,915 9,727 610,203 $ 38,258 $ 2.35 Earnings per share 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 $ 2.53 $ 28.00 26.00 0.28 0.14 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 = 0 % = 0 % Compute the dividend yield for each year. Note: Round your answers to 2 decimal places. Current Year: 1 Year Ago Numerator: Dividend Yield Denominator: = Dividend Yield = Dividend yield = 0% - = 0% Compute the price-earnings ratio for each year. Note: Round your answers to 2 decimal places. Price-Earnings Ratio Current Year: 1 Year Ago: Numerator: I - Denominator: = Price-Earnings Ratio = Price-earnings ratio = = 0 0