11 [The following information applies to the questions displayed below) Simon Company's year end balance sheets follow. Part 1 of 3 714 points At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tere notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total abilities and equity Current Y 1 YA 2 Yrs Ago $ 31, see $ 35,625 $ 37,800 89,500 62. See 50,200 112, see 82,500 54.000 19,700 9,375 5,000 278, See 255.200 230. see $523,00 $445,000 5 177, see Sipped $129,90 eBook 98.500 163,500 131,180 $523.co $ 75,250 $ 51,252 101,500 83,500 163, see 163,500 184.250 79,25 $445,000 $ 377,500 Print o The company's Income statements for the current year and 1 year ago, follow. For Year Ended December 31 Current Y 1 yr Ago 3673,50 $ 532,000 Cost of goods sold 5411,225 5145,500 Other operating expenses 209.550 114.9 Interest expense 12,100 11.300 Income tax expense Total costs and expenses Net Income $ 31,100 $ 29,375 Earnings per share 5 1.se 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? Complete this question by entering your answers in the tabs below. Required 1 Required 10 Profit margin ratio Choose Numerator Profit Margin Ratio Choose Denominator Current Year 1 year ago Profit Margin Ratio Pott marine 5 ME IGrow Ch 13 Homework 11 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Part 1 of 3 714 points At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets Llabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, sie par value Retained earnings Total liabilities and equity Current Y 1 Yr Ago 2 Yrs Ago $ 31,800 $ 35,625 $ 37,800 89, see 62,500 5e,200 112,500 82,500 54.000 10,700 9,375 5,000 278 500 255,000 230.se $523,660 $445,200 $ 377,500 Skipped $129,9ee $ 75,250 $ 51,250 eBook 98,500 163,500 131, 100 $523,000 101,500 83,500 163,500 163,500 104,75e 79,250 $445,000 $ 377, see Hint Print The company's Income statements for the current year and 1 year ago, follow. For Year Ended December 31 Current Yr 1 yr Ago Sales 5673, see $ 532,000 Cost of goods sold $411,225 $ 345,500 Other operating expenses 209,550 134,980 Interest expense 12.100 13,300 Income tax expense 9.525 8,845 Total costs and expenses 642, 4e 502,625 Net Income $ 31,100 $ 29,375 Earnings per share 5 1.90 $ 1.80 For both the Current Year and 1 Year Ago, compute the following ratios (1-a) Profit margin ratio (1-1) Did profit margin improve or worten in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required LA Required 10 Did profit margin improve or worsen in the Current Year versut 1 Year Ago? Profit margin Required 1A