Required information Use the following information for the Exercises below. (Static) [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. Commonstockmarketprice,December31,CurrentYearCommonstockmarketprice,December31,1YearAgoAnnualcashdividendspershareinCurrentYearAnnualcashdividendspershare1YearAgo$30.0028.000.290.24 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 10, which company has higher market expectations for future growth? Compute the return on equity for each year. Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.)