Required information [The foowr'ng information appes to the questions aispiayed befow] Simon Company's yearend balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 25,545 $ 30,44? 5 31,105 Accounts receivable, net 22,333 52,233 41,389 Merchandise inventory 93,823 31,126 43,238 Prepaid expenses 8,336 8,318 3,455 Plant assets, net 246,656 225,722 194,431 Total assets 5 456,48? $ 388,351 5 314,205 Liabilities and Equity Accounts payable 5 111,656 $ 65,631 5 42,219 Longterm notes payable 35,538 85,641 62,355 Common stock, $18 par value 162,598 153,586 163, 506 Retained earnings 91,399 32,539 45,625 Total liabilities and equityr 5 4535487 $ 355J351 $ 3143230 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales at 585,633 5 462,138 Cost of goods sold $ 35?,235 $ 366,396 Other operating expenses 181,545 116,921 Interest expense 9,955 16,529 Income tax expense ?,613 6,932 Total costs and expenses 555,351 434,3?2 Net income $ 29,232 5 27,255 Earnings per share Additional information about the company follows. Common stock market price, December 31, Current Year $ 34.66 Common stock market price, December 31, 1 Year Ago 32.69 Annual cash dividends per share in Current Year 8.32 Annual cash dividends per share 1 Year Ago 6.15 For both the current year and one year ago, compute the following ratios: 1. Return on common stockholders' equity. 1 Dividend yield. 36. Priceearnings ratio on December 31. 3b. Assuming Simon's competitor has a priceearnings ratio of I", which company has higher market expectations for future growth? \f1H. ______________________ E || | Compute the dividend yield for each year. (Rdund your answers tn 2 decimal places.) -H I_l la Compute the price~earnings ratio for each year. (Round yur answers to 2 decimal places.) Current Year: 1 Year Ago: ( Requiredl Required 33 >