Simon Companys year-end balance sheets follow.

At December 31	Current Yr			1 Yr Ago			2 Yrs Ago
Assets
Cash	$	32,000		$	34,200		$	36,900
Accounts receivable, net		89,500			63,100			51,700
Merchandise inventory		9,472			82,200			55,800
Prepaid expenses		11,742			10,181			3,881
Plant assets, net		457,286			290,319			211,719
Total assets	$	600,000		$	480,000		$	360,000
Liabilities and Equity
Accounts payable	$	152,388		$	80,309		$	46,094
Long-term notes payable secured by mortgages on plant assets		113,928			107,088			81,151
Common stock, $10 par value		162,500			162,500			162,500
Retained earnings		171,184			130,103			70,255
Total liabilities and equity	$	600,000		$	480,000		$	360,000

The companys income statements for the Current Year and 1 Year Ago, follow.

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	780,000					$	571,200
Cost of goods sold	$	475,800					$	371,280
Other operating expenses		241,800						144,514
Interest expense		13,260						13,138
Income tax expense		10,140						8,568
Total costs and expenses					741,000						537,500
Net income				$	39,000					$	33,700
Earnings per share				$	2.40					$	2.07

Additional information about the company follows.

Common stock market price, December 31, Current Year	$	30.00
Common stock market price, December 31, 1 Year Ago		28.00
Annual cash dividends per share in Current Year		0.24
Annual cash dividends per share 1 Year Ago		0.12

For both the Current Year and 1 Year Ago, compute the following ratios: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 2a. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? 3. Dividend yield.