Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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. Additional information about the company follows. 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 price-earnings ratio of 7, which company has higher market expectations for future growth? Compute the return on equity for each year. Compute the dividend yield for each year. Note: Round your answers to 2 decimal places. Compute the price-earnings ratio for each year. Note: Round your answers to 2 decimal places