Simon Company's year-end balance sheets follow. At December 31 Current Yr Ago 2 yrs 199 Assets Canh $ 31,500 $ 34,700 $ 36,600 Accounts receivable, net 88,300 63,100 51,800 Merchandise Inventory 44,117 84,800 52,600 Prepaid expenses 10,271 9,318 3,485 Plant assets, net 355,812 243,082 175,515 Total assets $530,000 $435,000 $320,000 Liabilities and Equity Accounts payable $133,290 $ 72,045 $ 42,662 Long-term notes payable secured by mortgages on plant assets 98.644 99,049 72,842 Common stock, $10 par valve 162,500 162,500 162,500 Retained earnings 135,566 101,406 41.996 Total Itabilities and equity $530,000 $435,000 $320,000 The company's income statements for the Current Year and 1 Year Ago, follow. Yor Year Unded Current Yr December 31 1 1 yr ago Sales $689.000 $517,650 Cost of goods sold $ 420,290 $336,473 Other operating expenses 213,590 130,965 For Year Ended Current Yr December 31 Sales $689,000 Cont of goods sold $ 420,290 Other operating 213,590 expenses Interest expensie 11,713 Income tax expense 8,957 Total costs and expenses 654,550 Net Income $ 34,450 Earnings per sbare 2.12 1 yr ago $517,650 $336,473 130,965 11,906 7,765 487.109 $ 30,541 $ Additional information about the company follows. Common stock market price, December 31, Current Year $29.00 Common stock market price, December 31, 1 Year ago 27.00 Annual cash dividends per share in 0.38 Current Year Annual cash dividends per share 1 Year 0.19 Ago 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 maricet expectations for future growth?