Simon Companys year-end balance sheets follow.

At December 31	Current Yr			1 Yr Ago			2 Yrs Ago
Assets
Cash	$	31,900		$	34,300		$	36,300
Accounts receivable, net		89,400			64,300			56,000
Merchandise inventory		52,941			83,300			58,300
Prepaid expenses		10,659			9,226			3,590
Plant assets, net		365,100			243,874			165,810
Total assets	$	550,000		$	435,000		$	320,000
Liabilities and Equity
Accounts payable	$	141,059		$	71,310		$	41,818
Long-term notes payable secured by mortgages on plant assets		101,332			98,049			72,134
Common stock, $10 par value		162,500			162,500			162,500
Retained earnings		145,109			103,141			43,548
Total liabilities and equity	$	550,000		$	435,000		$	320,000

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

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	715,000					$	517,650
Cost of goods sold	$	436,150					$	336,473
Other operating expenses		221,650						130,965
Interest expense		12,155						11,906
Income tax expense		9,295						7,765
Total costs and expenses					679,250						487,109
Net income				$	35,750					$	30,541
Earnings per share				$	2.20					$	1.88

Additional information about the company follows.

Common stock market price, December 31, Current Year	$	28.00
Common stock market price, December 31, 1 Year Ago		26.00
Annual cash dividends per share in Current Year		0.38
Annual cash dividends per share 1 Year Ago		0.19

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 7, which company has higher market expectations for future growth? 3. Dividend yield.