Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,000 $ 34,200 $ 37,900 88,200 64,400 51,500 25,468 83,100 59,300 11,079 8,952 3,444 439,253 244,348 157,856 $595,000 $435,000 $310,000 $148, 155 $ 74,250 $ 42,148 111,860 102,051 67,140 162,500 162,500 162,500 172,485 96,199 38,212 $595,000 $435,000 $310,000 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 Yr $773,500 $471,835 239,785 13,150 10,056 734,826 $ 38,674 $ 2.38 1 Yr Ago $ 517,650 $336, 473 130,965 11,906 7, 765 487, 189 $ 30,541 $ 1.88 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 $33.00 31.00 0.32 8.16 For both the Current Year and 1 Year Ago, compute the following ratios: Required 1 Required 2 Required 2a Required 3 Compute the return on common stockholders' equity for each year. Return On Common Stockholders' Equity Choose Numerator Choose Denominator: Return On Common Stockholders Equity Return on common stockholders equity % Current Year: 1 Year Ago: % Required 2 Price-Earnings Ratio Choose Denominator: Choose Numerator: Price-Earnings Ratio Price-earnings ratio / Current Year: 1 Year Ago: Assuming Simon's competitor has a price-earnings ratio of 7, which company has higher market expectations for future growth? Which company has higher market expectations for future growth? Required 2 Required 3 > Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Dividend Yield 1 Chooso Denominator: Choose Numerator: Dividend Yield Dividend yield % 11 Current Year: 1 % 1 Year Ago