Required Information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Year 1 Year Ago 2 Years Ago $ 33,340 $ 36,701 $ 37,489 94,753 66,876 50,495 120,314 85,747 55,417 Plant assets, net 10,632 289,588 9,733 Total assets $ 548,627 273,897 $ 472,954 Liabilities and Equity Accounts payable $ 135,242 Long-term notes payable Common stock, $10 par value 102,110 163,500 $ 79,130 109,867 162,500 Retained earnings 147,775 121,457 4,293 238,706 $ 386,400 $ 51,005 82,833 162,500 90,062 Total liabilities and equity $ 548,627 $472,954 $ 386,400 For both the current year and one year ago, compute the following ratios: 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 Year $ 713,215 $ 435,061 221,097 12,125 9,272 677,555 $ 35,660 $ 2.19 1 Year Ago $562,815 $ 365,830 142,392 12,945 8,442 529,609 $ 33,206 $ 2.04 Earnings per share Additional information about the company follows. 1. Return on equity. 2. Dividend yield. 3a. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 7, which company has higher market expectations for future growth? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Compute the return on equity for each year. Numerator: Preferred dividends Net income: Current Year S 35.860 1 Year Ago 33,200 Return On Equity Denominator Return On Equity Return on equity 06 Required 2> Prev Next > 3a. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 7, which company has higher market expectations for future growt Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Numerator: Net income Current Year: S 1 Year Ago Dividend Yield Denominator: 35,680.00 L Required 1 Required 3A > Dividend Yield Dividend yield 096 0% Prev of 19 Next > 3b. Assuming Simon's competitor has a price-earnings ratio of 7, which company has higher market expect Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Current Year: 1 Year Ago: Numerator: Price-Earnings Ratio Denominator: TON Price-Earnings Ratio = Price-earnings ratio 0 3a. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 7, which company has higher market expect. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B Assuming Simon's competitor has a price-earnings ratio of 7, which company has higher market expectations fou growth? Which company has higher market expectations for future growth