At December 31 Current Yr 1 Yr Ago 2 Yrs Ago $ 31,300 $ 34,200 $ 36,800 88,700 62,700 55,800 23,428 83,500 55,900 10,874 10,282 4,096 435,698 289, 318 227,404 $590,000 $480,000 $380,000 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 $ 148,379 $ 81,931 $ 49, 157 110,920 113,712 83,980 162,500 162,500 162,500 168, 201 121,857 84,363 $590,000 $480,000 $380,000 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Yr $767,000 $467,870 237,770 13,039 9,971 728,650 $ 38,350 1 Yr Ago $ 571,200 $371,280 144,514 13,138 8,568 537,500 $ 33,700 Earnings per share $ 2.36 $ 2.07 Additional information about the company follows. $31.00 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 29.00 0.32 0.16 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. Return On Common Stockholders' Equity Choose Numerator: 1 Choose Denominator: Return On Common Stockholders' Equity Return on common stockholders' equity % 1 = Current Year: / 1 Year Ago: 1 = % Price-Earnings Ratio Choose Numerator: 1 Choose Denominator: Price-Earnings Ratio Price-earnings ratio / Current Year: 1 1 Year Ago: 1 Which company has higher market expectations for future growth? Dividend Yield Choose Numerator: 1 Choose Denominator: Dividend Yield 1 Dividend yield % Current Year: / 1 Year Ago / = %