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 Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Connon stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year 2 Years Ago $ 29,901 35,294 36,836 85,811 184,687 59,965 46,182 88,824 58,685 9,629 9,175 3,887 266,824 243,063 216,618 $ $ 496,852 428,321 353,400 $ S 47,582 76,539 122,479 71,662 91,548 100,484 163,500 163,500 163,500 119,333 92,675 65,779 $ $ $ 496,852 428,321 353,400 For both the current year and one year ago, compute the following The company's income statements for the Current Year and 1 Year Ago, follow For Year Ended Current Year December 31 1 Year Ago Sales 645,908 589,702 Cost of goods sold 394,004 331,306 Other operating 200,231 128,955 expenses Interest expense 10,980 Income tax expense 8,397 11,723 7,646 Total costs and 613,612 479,630 expenses Net income $ 32,296 Earnings per share $1.99 $3.85 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 $29.00 27.00 0.28 Current Year Annual cash dividends per share 1 Year 8.14 Ago For both the current year and one year ago, compute the following ratios 1. Return on equity 2. Dividend yield 3a. Price-earnings ratio on December 31 3b. Assuming Simon's competitor has a pice-eamings ratio of B, which company has higher market expectati future grow Complete this question by entering your answers in the tabs below. Required Required Required Required 1 3A 38 Compute the return on equity for each year. Return On Equity Numerator Denominator Return On Equity Net income Average total equity Return on equity Current Year $ 32,296/ 1 Year Ago: $ 30,072 Required 2>