Help Save A E Sub Check my wer Simon Company's year-end balance sheets follow Current ye 1 Yr ADO YA At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable cured by mortgages on plant assets Common stock, $10 per value Retained earnings Total liabilities and equity 32,200 89,980 112.000 10,750 279,00 $521,85e $ 35,000 $37.000 63,880 58, 82,28 54,500 9,250 4,400 231, $444,450 $ 576,00 5128,00 $ 74,2501 50,6 97, see 161, see 136,650 5523,asa 1e1,250 81,200 161,500 161,sea 187.458 83.co $444,450 $376,900 The company's income statements for the Current Year and 1 Year Ago follow Far Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Totol casts and expenses Net incan Current Yr $735,000 $426,300 227,850 12,300 1 YP $ $10,00 $398,400 152,50 12,700 076.00 $ 59,000 564,275 $ 45,715 $ 2.83 Farines Sharp Required information Complete this question by entering your answers in the tabs below. Required 1A Required 1B Profit margin ratio. Profit Margin Ratio Choose Denominator Choose Numerator: Profit Margin Ratio Profit margin ratio % Current Year: 1 Year Ago: Required 1B > Pre 20 Next > 212 o Required information 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