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 $ 32,200 87,900 111,000 10,500 281,000 $522,600 $ 36,500 $ 38,600 63,000 50,500 82,400 54,500 9,250 5,300 257,000 232,000 $448,150 $ 380,900 $128,000 $ 76,000 $ 50,600 96,000 163,000 135,600 $522,600 99, 250 83,600 163,000 163,000 109,900 83,700 $448,150 $ 380,900 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 $715,000 $429,000 228,800 11,700 9,500 679,000 $ 36,000 $ 2.21 1 Yr Ago $ 590,000 $377,600 147,500 12,800 8,825 546,725 $ 43,275 $ 2.65 Complete this question by entering your answers in the tabs below. Required 1A Required 18 Profit margin ratio Profit Margin Ratio Choose Denominator Choose Numerator: Profit Margin Ratio Profit margin ratio 9 Current Year: 1 Year Ago: % Required 18 >