Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 35,625 62,500 82,500 9,375 255,000 $ 445,000 $ 37,800 50,200 54,000 5,000 230,500 $ 377,500 Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings $ 75,250 101,500 163,500 104,750 $ 445,000 $ 51,250 129,900 98,500 163,500 131,100 $ 523,000 83,500 163,500 79,250 Total liabilities and equity $ 377,500 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 Current Year 1 Year Ago $ 673,500 $ 532,000 $ 411,225 209,550 12,100 9,525 $ 345,500 134,980 13,300 8,845 642,400 $ 31,100 $ 1.90 502,625 $ 29,375 $ 1.80 Net income Earnings per share 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 $ 30.00 28.00 0.29 0.24 Required 1 Required 2 Required 3A Required 38 Compute the return on equity for each year. Return On Equlty Numerator: Denominator Return On Equity Net income Average total equity Return on equity Current Year %24 31,100 $ %24 523,000 5.9 % 1 Year Ago %24 29,375 $ 245,410- 12.0 % Required 1 Required 2 Required 3A Required 38 Compute the dividend yield for each year. (Round your answers to 2 decimal places.) Dividend Yield Numerator: Denominator: Dividend Yleld Annual cash dividends per share Market price per share - Dividend yield Current Year: 1 Year Ago: ( Required 1 Required 3A > Required 1 Required 2 Required 3JA Required 38 Compute the price-earnings ratio for each year. (Round your answers to 2 decimal places.) Price-Earnings Ratio Numerator: Denominator: - Price-Earnings Ratio Market price per common share IEamings per share Price-eamings ratio Current Year: 1 Year Ago: < Required 2 Required 3B