Simon Companys year-end balance sheets follow.

At December 31	Current Yr			1 Yr Ago			2 Yrs Ago
Assets
Cash	$	31,000		$	34,700		$	37,000
Accounts receivable, net		88,100			62,500			59,900
Merchandise inventory		67,009			82,500			55,200
Prepaid expenses		10,986			10,496			3,920
Plant assets, net		392,905			299,804			203,980
Total assets	$	590,000		$	490,000		$	360,000
Liabilities and Equity
Accounts payable	$	149,848		$	80,326		$	48,470
Long-term notes payable secured by mortgages on plant assets		108,702			114,954			80,356
Common stock, $10 par value		162,500			162,500			162,500
Retained earnings		168,950			132,220			68,674
Total liabilities and equity	$	590,000		$	490,000		$	360,000

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

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	767,000					$	583,100
Cost of goods sold	$	467,870					$	379,015
Other operating expenses		237,770						147,524
Interest expense		13,039						13,411
Income tax expense		9,971						8,747
Total costs and expenses					728,650						548,697
Net income				$	38,350					$	34,403
Earnings per share				$	2.36					$	2.12

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		0.32
Annual cash dividends per share 1 Year Ago		0.16

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.