At December 31 Current Yr 1 Yr Ago 2 Yrs Ago $ 31,400 $ 35,000 $ 36,400 88,900 62,700 51,400 43,943 83,200 55,000 10,782 10,290 3,342 409,975 298,810 163,858 $585,000 $490,000 $ 310,000 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 $144,208 $ 85,294 $ 40,920 108,880 111,573 69,880 162,500 162,500 162,500 169,412 130,633 36,700 $585,000 $490,000 $ 310,000 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago $ 583,100 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $760,500 $ 463,905 235,755 12,929 9,887 722,476 $ 38,024 $ 2.34 $ 379,015 147,524 13,411 8,747 548,697 $ 34,403 $ 2.12 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 0.22 0.11 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 7, which company has higher market expectations for future growth? 3. Dividend yield. Compute the return on common stockholders' equity for each year. Return On Common Stockholders' Equity Choose Numerator: Choose Denominator: - Return On Common Stockholders' Equity Return on common stockholders' equity Current Year: 1 Year Ago: Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Dividend Yield 1 Choose Denominator: Choose Numerator: Dividend Yield Dividend yield Current Year: 1 Year Ago