Please solve, thanks!
Current Year 1 Year Ago 2 Years 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, $10 par value Retained earnings Total liabilities and equity $ 33,691 96,697 119,195 10,744 294,067 $ 554,394 $ 37,852 66,241 86,648 10,137 277,048 $ 477,926 $ 40,234 53,645 57,709 4,605 250,207 $ 406,400 $ 142,185 105,268 162,500 144,441 $ 554,394 $ 81,577 111,022 162,500 122,827 $ 477,926 $ 53,108 92,509 162,500 98,283 $ 406,400 References Section Break Use the following information for the Exercises below. (Algo) Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 720,712 $ 568,732 Cost of goods sold $ 439,634 $ 369,676 Other operating expenses 223,421 143,889 Interest expense 12.252 13,081 Income tax expense 9,369 8,531 Total costs and expenses 684,676 535.177 Net income $ 36,036 $ 33,555 Earnings per share $ 2.22 $ 2.06 For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (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? Required 1A Required 1B Required 2 Required 3A Required 3B Compute profit margin ratio for the current year and one year ago. Profit Margin Ratio Numerator: 1 Denominator: 1 Profit Margin Ratio Profit margin ratio 9 1 Current Year: 1 Year Ago: / I 9 Requirt 1 Required 1B > Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Required 3A Required 3B Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin Required 1A Required 1B Recrired 2 Required 3A Required 3B Compute total asset turnover for the current year and one year ago. Total Asset Turnover Denominator: Numerator: Total Asset Turnover Total asset turnover Current Year: times = = 1 Year Ago: times Compute return on total assets for the current year and one year ago Return On Total Assets Numerator: Denominator: Return On Total Assets Return on total assets Current Year: 1 Year Ago: Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Required 3A Requmed 3B Based on return on total assets, did Simon's operating efficiency improve or worser Return on total assets
