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 $ 30,400 87,400 111,500 10,450 280,000 $519,750 $ 35,250 $ 38,200 63,000 51,000 81,000 54,500 9,250 4,300 256,500 230,000 $445,000 $ 378,000 $130,000 $ 75,000 $ 51,000 95,500 163,000 131,250 $519,750 100, 250 80,400 163,000 163,000 106, 750 83,600 $445,000 $ 378,000 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 Earnings per share Current Yr $755,000 $453,000 241,600 11,300 9,350 715, 250 $ 39,750 $ 2.44 1 yr Ago $ 590,000 $371,700 135, 700 12,900 8,800 529, 100 $ 60, 900 $ 3.74 for nothinn cron voor diversos common in following rotinn (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: Current Year: 1 Year Ago: Profit Margin Ratio Profit margin ratio % % Required 1B 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 1A Required 1B Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin Required 1A (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover Current Year: times 1 Year Ago: times (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 3A Required 3B Return on total assets Return On Total Assets Choose Numerator: Choose Denominator: Current Year: 1 Year Ago: Return On Total Assets Return on total assets % % Required 3B > (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 3A Required 3B Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago Return on total assets