Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 30, 507 B6, 702 109,012 9,443 266,347 $ 502,011 $ 33,929 59,376 81,663 9,179 248,621 $ 432,768 $ 36, 432 48,576 52, 256 4,008 226, 728 $ 368,000 $ 127,501 94,378 162,500 117,632 $ 502,011 $ 72,406 97,546 163,500 99,316 $ 432,768 $ 48,090 79,701 163,500 76,709 $ 368,000 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 652,614 $ 398,095 202,310 11,094 8,484 619,983 $ 32,631 $ 2.01 1 Year Ago $ 514,994 $ 334, 746 130,293 11,845 7,725 484,609 $ 30,385 $ 1.87 Additional information about the company follows. 28.00 Common stock market price, December 31, Current Year $ 30.00 Common stock market price, December 31, 1 Year Ago 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 one year ago, compute the following ratios: 1. Return on common stockholders' equity. 2. Dividend yield. 3a. Price-earnings ratio on December 31. 3b. Assuming Simon's competitor has a price-earnings ratio of 8, which company has higher market expectations for future growth