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help please Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash Accounts receivable, net Merchandise
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Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 Common stock, sie par value Retained earnings Total liabilities and equity $ 31,800 88,700 119,500 10,550 277,000 $ 518,550 $ 36,000 62,000 82,000 9,350 257000 $ 446, 350 $ 38,400 49,000 53,500 4,700 233,000 $ 378,600 $ 128,400 97,500 163,000 129,650 $ 518,550 $ 72,500 98,250 163,000 112,600 $ 446,350 $ 51,200 80,400 163,000 84,000 $ 378,600 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 Year $ 765,000 $ 474,300 237,150 11,300 9,350 1732, 100 $ 32,900 $2.02 1 Year Ago $ 560,000 $ 358,400 134,400 15 500 8925 $15,275 $ 44,725 $ 2.74 For both the Current Year and 1 Year Ago, compute the following ratios kercise 12.10 IALA Complete this question by entering your answers in the tabs below. Required IA Required 18 Compute profit margin ratio for the current year and one year ago. Profit Margin Ratio Numerator: Denominator: Prolit Margin Ratio Profit margin rabo Current Year 1 Year Ago 2 Required 1B > Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin Step by Step Solution
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