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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 $ 30,200 87,600 110,500 10,950 279,000 $518,250 $ 36,000 $ 38,000 61,000 50,000 82,200 54,000 9,450 5,000 258,000 225,000 $ 446,650 $ 372,000 $ 128,400 $ 73,500 $ 50,400 96,000 161,000 132,850 $518, 250 101,250 82,600 161,000 161,000 110,900 78,000 $ 446,650 $ 372,000 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 Current Yr $ 775,000 $ 449,500 248,000 12, 200 9,400 719, 100 $ 55,900 1 Yr Ago $ 640,000 $ 416,000 160,000 13,300 8,625 597,925 $ 42,075 Earnings per share $ 3.47 $ 2.61 For both the Current Year and 1 Year Ago, compute the following ratios: 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 Year Ago: 1 = (2) Total asset turnover. Total Asset Turnover Choose Numerator: 1 Choose Denominator: = Total Asset Turnover / II Total asset turnover Current Year: / = times 1 Year Ago: 1 times Required 3A Required 3B Return on total assets Return On Total Assets Choose Numerator: 1 Choose Denominator: Return On Total Assets / = Return on total assets Current Year: / % 1 Year Ago: / %