At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Year 1 Year 2 Years Ago Ago $ $ $ 35,767 40,972 42,683 102,626 75,359 57,486 134,247 97,648 61,841 11,748 10,865 4,743 Plant assets, net 321,828 297,756 268,747 $ $ $ Total assets 606,216 522,600 435,500 Liabilities and Equity $ Accounts payable $ $ 147,929 88,319 Long-term notes payable 112,829 122,602 58,636 95,283 Common stock, $10 par 163,500 163,500 163,500 value Retained earnings 181,958 148,179 118,081 Total liabilities and equity $ 522,600 435,500 For both the current year and one year ago, compute the following ratios: $ $ 606,216 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended Current Year 1 Year Ago December 31 $ $ Sales 788,081 621,894 $ $ Cost of goods sold 480,729 404,231 Other operating 244,305 157,339 expenses Interest expense 13,397 Income tax expense 10,245 14,304 9,328 Total costs and 748,676 585,202 expenses Net income $ 39,405 $ 36,692 Earnings per share $ 2.42 $ 2.26 Additional information about the company follows. Common stock market price, December 31, Current Year $ 31.00 Common stock market price, December 31, 1 Year Ago 29.00 Annual cash dividends per share in 0.22 Current Year Annual cash dividends per share 1 Year 0.11 Ago 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. 3b. Assuming Simon's competitor has a price-earnings ratio of 7, which company has higher market expectations for future growth?