11:, Exercise 17-8, Exercise 17-10 and Exercise... Saved Help Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 3 Current Yr 1 Ye Ago 2 Yr Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant aseta, not 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 $ 32,000 89,700 110,000 10,450 282,000 $524,150 5 36,250 5 37,800 62,000 50,500 81.400 52.500 9, 250 5,500 256,500 235,000 $445, 400 $ 381,300 ces $128.800 $ 72,500 $ 50,200 95,000 163,500 136,850 5524,150 98,750 1,600 163,500 163,500 110,650 86,000 $445,400 5381.300 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 Ye $ 755,000 $453,000 234,050 11,700 9.350 1700 100 $ 46,900 $ 2.87 1 Ye Ago $ 610,000 $390, 400 146,400 13,100 3.575 558, 475 $ 51,525 $ 3.15 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? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Profit margin ratio. Profit Margin Ratio 1 Choose Denominator: Choose Numerator: Profit Margin Ratio Profit margin ratio / / Current Year: 1 1 Year Ago: Required 1 Required 18> LUUL UL guous U4U Other operating expenses Interest expense Income tax expense Total costs and expenses Net income 2435, VVU 234,050 11,700 9,350 390,00 146,400 13,100 8,575 708, 100 $ 46,900 558,475 $ 51, 525 Earnings per share $ 2.87 $ 3.15 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover times Current Year: / = 1 Year Ago: times cise 17-8, Exercise 17-10 and Exercise... Saved He For both the Current Year and 1 Year Ago, compute the following ratios: B-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 3A Required 38 Return on total assets Return On Total Assets 1 Choose Denominator: Choose Numerator: Return On Total Assets Return on total assets ### Current Year: % / 1 Year Ago: Required SA Required 3 >