Part1of3 10 points / . \\ | 8 02:57:23 | x / References Required information {The foiiowr'ng information appir'es to the questions dismayed beiow] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 30,500 5 35,500 $ 38,200 Accounts receivable, net 39,100 62,000 50,000 Merchandise inventory 113,000 80,800 52,000 Prepaid expenses 10,200 9,450 5,500 Plant assets, net 276,000 248,500 225,000 Total assets $ 519,400 3 436,250 $ 310,?00 Liabilities and Equity Accounts payable $ 128,000 5 25,000 $ 51,200 Long-term notes payable 95,500 100,000 90,600 Common stock, 310 par value 163,000 163,000 163,000 Retained earnings 132,100 90,250 25,900 Total liabilities and equity $ 519,400 3 436.250 $ 3101700 The company's income statements for the Current Year and 'I Year Ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales 5 225,000 $ 630,000 Cost of goods sold 3 465,000 5 403,200 Other operating expenses 240,250 151,200 Interest expense 11,900 13,400 Income tax expense 9,550 8,650 Total costs and expenses 225,200 516,450 Net income $ 43,300 $ 531550 Earnings per share $ 2.96 S 3.29 For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Compute profit margin ratio for the current year and one year ago. (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 Compute profit margin ratio for the current year and one year ago. Profit Margin Ratio Numerator: Denominator: = Profit Margin Ratio Profit margin ratio Current Year: = 1 Year Ago: (1-a) Compute profit margin ratio for the current year and one year ago. (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 [2} Compute total asset turnover for the current year am: one year ago. IH lH_m lH_m (3-a) Compute return on total assets for the current year and one year ago. (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 Compute return on total assets for the current year and one year ago. Return On Total Assets Numerator: 1 Denominator: Return On Total Assets = Return on total assets Current Year: = % 1 Year Ago: % (3-a) Compute return on total assets for the current year and one year ago. (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