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[The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 29,776 $ 35,516 $ 35,907 Accounts receivable, net 88,061 60,909 47,876 Merchandise inventory 109,613 82,951 50,988 Prepaid expenses 9,785 9,509 3,950 Plant assets, net 277,741 255,060 223,979 Total assets $ 514,976 $ 443,945 $ 362,700 Liabilities and Equity Accounts payable $ 128, 229 $ 72,776 $ 47,398 Long-term notes payable 99,720 100,065 82,561 Common stock, $10 par value 163,500 163,500 162,500 Retained earnings 123,527 107,604 70,241 Total liabilities and equity $ 514,976 $ 443,5 $ 362,700 For both the current year and one year ago, compute the following ratios: Exercise 17-10 (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 $ 669,469 $ 528, 295 Cost of goods sold $ 408,376 $ 343,392 Other operating expenses 207,535 133,659 Interest expense 11,381 12, 151 Income tax expense 8,703 7,924 Total costs and expenses 635,995 497, 126 Net income $ 33,474 $ 31,169 Earnings per share $ 2.06 $ 1.92 (1-a) Profit margin ratio, (1-6) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover, (3-a) Return on total assets. (3-6) 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 1A Required 18 Required 2 Required 3A Required 38 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: % mogu Required 18 > Theme > 5 Required information For both the Current Year and 1 Year Ago, compute the following ratios: 1 (1-a) Profit margin ratio (1-6) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-a) Return on total assets. (3-6) 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 1A Required 15 Required 2 Required 3A Required 38 Compute total asset turnover for the current year and one year ago Total Assot Tumover Numerator: Denominator: Total Asset Turnover Total asset tumover times Current Your: 1 1 Year Ago: times Help Sa F Required information For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio 11-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. (3-6) 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 1A Required 18 Required 2 Requires 3A Requlred 38 Compute return on total assets for the current year and one year ago Return On Total Assets Denominator: Numerator: Current Year: Return On Total Assets Return on total assets % % 1 Year Ago: -