Current Yr 1 Yr Ago 2 Yrs Ago $ 35,625 $ 37,800 Check At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses $31,800 89,500 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 Total assets $523,000 $445,000 $377,500 Liabilities and Equity Accounts payable $129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common stock, $10 par value Retained earnings Total liabilities and equity 163,500 163,500 163,500 131,100 104,750 79,250 $523,000 $445,000 $377,500 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 Current Yr $673,500 $411,225 Income tax expense Total costs and expenses Net income Earnings per share 209,550 12,100, 9,525 1 Yr Ago $345,500 134,980 13,300 8,845 $532,000 582,625 $29,375 642,400 $31,100 $ 1.90 $ 1.88 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 $30.00 28.00 0.29 0.24 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. 28 Assuming Simon's competitor has a price earnings ratio of 10, 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: Net income -Preferred dividends Average common stockholders' equity Requ Required 2 > Return On Common Stockholders' Equity Return on common stockholders' equity %