Consider the following data from two companies in very different industries. Adobe Systems is a software company. Empire District is an electric utility serving the Midwest. (Amounts except earnings per share and market price are in millions.) Total Earnings Market Price Total Assets Liabilities Net Income per Share per Share Adobe Systems Empire District $8,991 2,022 $3,208 $833 $1.67 $34.31 1,328 55 1.31 21.09 1. Compute the market-to-book ratio, the price-earnings ratio (P-E), and the rate of return on common stockholders' equity for both Adobe Systems and Empire District. Use ending stock- holders' equity rather than average stockholders' equity for computing return on equity. 2. Explain what might cause the differences in these ratios between the two companies.