Simon Companys year-end balance sheets follow.

At December 31	Current Yr			1 Yr Ago			2 Yrs Ago
Assets
Cash	$	31,300		$	34,400		$	36,300
Accounts receivable, net		89,700			65,000			59,000
Merchandise inventory		96,715			84,100			59,600
Prepaid expenses		10,267			10,605			3,520
Plant assets, net		307,018			305,895			161,580
Total assets	$	535,000		$	500,000		$	320,000
Liabilities and Equity
Accounts payable	$	137,211		$	84,500		$	43,085
Long-term notes payable secured by mortgages on plant assets		98,568			117,300			68,598
Common stock, $10 par value		162,500			162,500			162,500
Retained earnings		136,721			135,700			45,817
Total liabilities and equity	$	535,000		$	500,000		$	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				$	695,500					$	595,000
Cost of goods sold	$	424,255					$	386,750
Other operating expenses		215,605						150,535
Interest expense		11,824						13,685
Income tax expense		9,042						8,925
Total costs and expenses					660,726						559,895
Net income				$	34,774					$	35,105
Earnings per share				$	2.14					$	2.16

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		0.20
Annual cash dividends per share 1 Year Ago		0.10

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.