Current Yr 1 Yr Ago 2 Yrs Ago Simon Company's year-end balance sheets follow. 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 Common stock, sie par value Retained earnings Total liabilities and equity $ 31,000 $ 36,250 $ 37,200 88,600 61,000 50,000 111,500 83,200 53,000 18,800 9,500 5,888 282,000 258,000 230,000 $523,900 $447,950 $375,200 $128,800 96,500 162,500 136, 100 $523,900 $ 73,500 $ 50,200 101,250 83,200 162,500 162,500 110,700 79, 380 $447,950 $375, 200 The company's income statements for the Current Year and 1 Year Ago, follow, For Year Ended December 31 Current Ye 1 Yr Ago Sales $785,000 $620,000 Cost of goods sold $494,550 $396,800 Other operating expenses 243,350 148,800 Interest expense 11,200 12,800 Income tax expense 9,500 8,700 Total costs and expenses 758,600 567.100 Net income $ 26,400 $ 52.900 Earnings per share 5 1.62 s 3.26 (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 18 Profit margin ratio Choose Numerator Pront Margin Ratio Choose Denominator Pront Margin Ratio Profit margin ratio Current Year: 1 Year Ago OS Required 18>