Simon Companys year-end balance sheets follow.

At December 31	Current Yr			1 Yr Ago			2 Yrs Ago
Assets
Cash	$	31,200		$	34,900		$	37,800
Accounts receivable, net		89,100			63,700			51,700
Merchandise inventory		16,430			83,500			53,100
Prepaid expenses		10,321			9,409			3,850
Plant assets, net		412,949			243,491			203,550
Total assets	$	560,000		$	435,000		$	350,000
Liabilities and Equity
Accounts payable	$	140,834		$	72,780		$	45,276
Long-term notes payable secured by mortgages on plant assets		106,333			99,049			79,671
Common stock, $10 par value		162,500			162,500			162,500
Retained earnings		150,333			100,671			62,553
Total liabilities and equity	$	560,000		$	435,000		$	350,000

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

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	728,000					$	517,650
Cost of goods sold	$	444,080					$	336,473
Other operating expenses		225,680						130,965
Interest expense		12,376						11,906
Income tax expense		9,464						7,765
Total costs and expenses					691,600						487,109
Net income				$	36,400					$	30,541
Earnings per share				$	2.24					$	1.88

Additional information about the company follows.

Common stock market price, December 31, Current Year	$	32.00
Common stock market price, December 31, 1 Year Ago		30.00
Annual cash dividends per share in Current Year		0.28
Annual cash dividends per share 1 Year Ago		0.14

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