00 8 Part 4 of 5 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 1 points At December 31 Assets Cash Current Year 1 Year Ago 2 Years Ago $ 40,829 Accounts receivable, net eBook Hint Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 551,783 $ 136,020 Long-term notes payable Common stock, $10 par value Retained earnings 104,773 162,500 148,490 $ 82,801 109,405 163,500 119,969 Ask Total liabilities and equity $ 551,783 $ 475,675 $ 33,206 91,524 116,261 10,589 300,203 $ 39,196 64,597 89,760 9,689 272,433 $ 475,675 53,381 55,720 4,360 246,110 $ 400,400 $ 53,910 85,834 162,500 98,156 $ 400,400 Print References For both the current year and one year ago, compute the following ratios: Exercise 17-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow. Other operating expenses Income tax expense Total costs and expenses Net income For Year Ended December 31 Sales Cost of goods sold Interest expense Current Year 1 Year Ago $ 717,318 $ 566,053 $ 437,564 222,369 12,194 9,325 681,452 $ 35,866 $ 2.21 $ 367,934 143,211 13,019 8,491 532,655 $ 33,398 $ 2.06 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Required 3A Required 3B Compute profit margin ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Profit Margin Ratio Denominator: =Profit Margin Ratio Profit margin ratio = % = %