Please help with each part of the question
Part 1a & Part 1b
Part 2
Part 3a and 3b
Required information Exercise 13-10 Analyzing efficiency and profitability LO P3 [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 $ 31,600 88,400 112,000 10,750 277,000 $519,750 $ 35,250 $ 37,800 63,000 51,000 80,400 52,000 9,350 4,500 256,500 232,000 $444,500 $ 377, 300 $129,200 $ 72,250 $ 50,600 96,000 160,000 134,550 $519,750 101,500 81,400 160,000 160,000 110,750 85,300 $444,500 $ 377,300 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 Current Yr $725,000 $420,500 232,000 12,300 9,500 674,300 $ 50,700 1 Yr Ago $ 550,000 $346,500 132,000 13,000 8,950 500, 450 $ 49,550 Net income Earnings per share $ 3.17 $ 3.10 (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 1B Profit margin ratio. Profit Margin Ratio Choose Numerator: | Choose Denominator: Il Profit Margin Ratio Profit margin ratio 1 Current Year: 1 = % 1 Year Ago: 1 % (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 1B Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin (2) Total asset turnover. Total Asset Turnover Choose Numerator: / Choose Denominator: = Total Asset Turnover / II Total asset turnover Current Year: times = = 1 Year Ago: 1 times (3-a) Return on total assets. (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 Return on total assets Return On Total Assets Choose Numerator: | Choose Denominator: = Return On Total Assets 1 = Return on total assets Current Year: / II % 1 Year Ago: 1 = % (3-a) Return on total assets. (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
