Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $31,700 $ 34,600 $ 36,800 Accounts receivable, net 89,600 63,300 54,600 Merchandise inventory 108,883 83,900 51,200 Prepaid expenses 10,689 9,158 3,889 Plant assets, net 339,128 254,042 203,511 Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $580,000 $445,000 $350,000 $148,753 $ 76,709 $ 45,738 105,769 162,500 105,421 162,500 75,803 162,500 65,959 162,978 100,370 $580,000 $445,000 $350,000 For Year Ended December 31 The company's income statements for the Current Year and 1 Year Ago, follow. Sales 1 Yr Ago $529,550 Current Yr $754,000 Cost of goods sold $459,940 $344,208 Other operating expenses 233,740 Interest expense 12,818 Income tax expense 9,802 133,976 12,180 7,943 Total costs and expenses 716,300 498,307 Net income $ 37,700 $ 31,243 Earnings per share $ 2.32 $ 1.92 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago For Year Ended December 31 Sales Current Yr $754,000 $529,550 Cost of goods sold $459,940 $344,208 Other operating expenses 233,740 133,976 Interest expense 12,818 12,180 Income tax expense 9,802 7,943 Total costs and expenses 716,300 498,307 Net income $ 37,700 $ 31,243 Earnings per share $ 2.32 1.92 Additional information about the company follows. Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago $32.00 30.00 0.24 0.12 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 3a Compute the return on common stockholders' equity for each year. Current Year: 1 Year Ago: Choose Numerator: Return On Common Stockholders' Equity Choose Denominator: Return On Common Stockholders Equity Return on common stockholders equity Required 2 > % % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 3a Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Current Year: 1 Year Ago Choose Numerator: Dividend Yield Choose Denominator: Required 1 Required 3 > Dividend Yield Dividend yield = % = Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Current Year: 1 Year Ago: Choose Numerator: Price-Earnings Ratio Choose Denominator: Price-Earnings Ratio Price-earnings ratio Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 3a Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth? Which company has higher market expectations for future growth