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5 Part of 125 Required information Exercise 13-10 Analyzing efficiency and profitability LO P3 [The following information applies to the questions displayed below) Simon Company's
5 Part of 125 Required information Exercise 13-10 Analyzing efficiency and profitability LO P3 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow At December 31 Current ve 1 Y 2 Yrs Ago Assets Cash $ 30,00 $ 35,750 537,200 Accounts receivable, het 61,500 Merchandise Inventory 111.500 59,600 Prepaid expenses plant assets, net $122.00 541.550 379,900 Liabilities and Equity Accounts payable $128.100 $ 74,750 50,200 Long tent notes payable secured by Horten plantes 96,500 98,00 Common stock, 510 par value 163,500 163,500 163,00 Reted earnings 113,200 105,100 5.400 Total Tibilities and equity 5922,000 5441,505 37, The company's income statements for the Current Year and 1 Year Ago, follow To Year Dec Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net inco Earnings per share current 5765,000 $5. 5466,650 5365, 2.37,150 11.40 11.40 12.50 8.625 225.000 51925 540.400 30.07 12.41 SY For both the current Year and 1 Year Ago, compute the following tatos Exercise 13-10 Part 1 (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. Choose Numerator: Profit Margin Ratio 1 Choose Denominator: 1 Profit Margin Ratio Profit margin ratio % Current Year: 1 Year Ago: 1 1 Raquel 1A Required 1B > Exercise 13-10 Part 1 eBook (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Hint P Complete this question by entering your answers in the tabs below. Deferences Required 1A Required 18 Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin
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