Hello, I'm stuck on how to solve for this assignment.

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago $ 31,600 88,900 8,088 10,910 440,502 $580,000 $ 35,000 $ 36,200 62,400 51,400 83,100 57,300 9,9794 ,070 289,521 221,030 $480,000 $370,000 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 $ 148,753 $ 80,309 $ 48,840 105,769 162,500 162,978 $580,000 108,192 80,952 162,500 162,500 128,999 77,708 $480,000 $370,000 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 $ 754,000 $ 459,940 233,740 12,818 9,802 716,300 $ 37,700 1 Yr Ago $ 571,200 $371,280 144,514 13,138 8,568 537,500 $ 33,700 Earnings per share $ 2.32 $ 2.07 Additional information about the company follows. $32.00 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 30.00 0.24 0.12 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 Net income Return On Common Stockholders' Equity Choose Numerator: I Choose Denominator: Preferred dividends Average common stockholders' equity 37,700 325,478|1 | $ 308,488 33,700 - 1 $ 265,854 = Current Year: 1 Year Ago: Return on common stockholders' equity (93.3) % 12.7 % $ Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Price-Earnings Ratio I Choose Denominator: Choose Numerator: Price-Earnings Ratio Price-earnings ratio Current Year: 1 Year Ago: 1 1 =