At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2 Yrs Ago $ 31,700 $ 34,500 $ 37,400 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 89,300 63,300 55,300 77,384 82,300 53,700 10,830 9,240 3,450 360,786 250,660 170,150 $570,000 $440,000 $320,000 $140,511 $ 72,129 $ 41,395 107,160 100,188 70,013 162,500 162,500 162,500 159,829 105,183 $570,000 $440,000 $320,000 46,092 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Yr 1 Yr Ago $ 523,600 $741,000 Cost of goods sold $452,010 $340,340 Other operating expenses 229,710 Interest expense 12,597 Income tax expense 9,633 132,471 12,043 7,854 Total costs and expenses 703,950 Net income $ 37,050 492,708 $ 30,892 Earnings per share $ 2.28 $ 1.90 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Current Yr 1 Yr Ago $ 523,600 $741,000 $452,010 $340,340 Other operating expenses 229,710 Interest expense 12,597 Income tax expense 9,633 132,471 12,043 7,854 Total costs and expenses 703,950 Net income $ 37,050 492,708 $ 30,892 Earnings per share $ 2.28 $ 1.90 Additional information about the company follows. Common stock market price, December 31, Current Year $28.00 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 26.00 0.20 0.10 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. 2a. Assuming Simon's competitor has a price-earnings ratio of 6, 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 return on common stockholders' equity for each year. Current Year: 1 Year Ago: Return On Common Stockholders' Equity Choose Numerator: / Choose Denominator: = = Return On Common Stockholders' Equity Return on common stockholders' equity % % Required 1 Required 2 Required 2a Required 3 Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Current Year: 1 Year Ago: Choose Numerator: Price-Earnings Ratio Choose Denominator: = Price-Earnings Ratio = Price-earnings ratio || = = Required 1 Required 2 Required 2a Required 3 Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? 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 2a Required 3 Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Current Year: 1 Year Ago Choose Numerator: Dividend Yield / Choose Denominator: = Dividend Yield Dividend yield = % = %