Required information Use the following information for the Exercises below. (Algo) [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 obout the company follows. For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2. Dividend yield 30. Price-earnings ratioton December 31 . 3b. Assuming Simon's competitor has a price-earnings ratio of 8 , which company has higher market expectations for future growth? For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2. Dividend yieid. 3a. Price-earnings ratio on December 31 3b. Assuming Simon's competitor has a price-earnings ratio of 8, which compony has higher market expectations for future growth? Complete this question by entering your answers in the tabs below. Compute the return on equity for each year. For both the current year and one year ago, compute the following ratios: 1. Retum on equity 2. Dividend yield 36. Price-earnings ratio on December 31 . 3b. Assuming Simon's competitor has a price-earnings ratio of 8 , which company has higher market expectations for future growth? Complete this question by entering your answers in the tabs below. Compute the price-eamings ratio for each year. Note: Round your answers to 2 decimal places