Required information Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 [Alternate Version] [The following information applies to the questions displayed below.] 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 Current Year 1 Year Ago 2 Years Ago $ 30,400 87,900 $ 36,500 $ 37,800 61,000 112,500 82,200 10,900 276,000 $ 517,700 $128,400 95,000 9,300 253,500 $442,500 99,750 50,500 55,000 4,200 233,000 $ 380,500 $ 51,400 82,400. 161,000 85,700 $ 73,750 161,000 161,000 133,300 108,000 $ 517,700 $442,500 $ 380,500 For Year Ended December 31 The company's income statements for the Current Year and 1 Year Ago, follow. Sales 1 Year Ago $580,000 Current Year $725,000 Cost of goods sold $449,500 $371,200 Other operating expenses. 224,750 Interest expense 12,300 Income tax expense 9,500 139,200 13,500 8,950 Total costs and expenses Net income 696,050 $ 28,950 Earnings per share $ 1.80 532,850 $ 47,150 $ 2.93 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-10 (Algo) Part 1 [Alternate Version] (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. Current Year: 1 Year Ago: Numerator: Profit Margin Ratio Denominator: Profit Margin Ratio = Profit margin ratio % % C Required 1A Required 18 Exercise 13-10 (Algo) Part 2 [Alternate Version] (2) Compute total asset turnover for the current year and one year ago. Current Year: 1 Year Ago: Total Asset Turnover Numerator: Denominator: = Total Asset Turnover Total asset turnover times times