Required information [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 $ 41,376 $ 35,398 104,645 126,411 11,513 321,991 $ 599,958 72,409 97,597 11,079 294,744 $ 517,205 $146,402 115,048 163,500 175,008 $ 84,785 116,578 162,500 153,342 $ 599,958 $ 517,205 For both the current year and one year ago, compute the following ratios: $ 43,976 58,054 62,452 4,789 270,529 $ 439,800 $ 56,312 98,168 163,500 121,820 $439,804 of 6 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 Net income ok 1 1 Year Ago Current Year $ 779,945 $ 475,766 241,783 $ 400,058 155,715 13,259 10,139 740,947 $ 38,998 $ 2.40 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: $ 615,474 14,156 9,232 579,161 $ 36,313 $ 2.23 (1-a) Profit margin ratio. mces (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. 0.4 points Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2 Required 3A Required 38 eBook Hint Compute profit margin ratio for the current year and one year ago. Print References Current Year: 1 Year Ago: Numerator: Profit Margin Ratio Denominator: =Profit Margin Ratio Profit margin ratio % % Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Required 3A Required 3B ook int Compute total asset turnover for the current year and one year ago. cences Current Year: 1 Year Ago: Total Asset Turnover Numerator: Denominator:: Total Asset Turnover = Total asset turnover times times < Required 1B Required 3A > pints Required 1A Required 18 Required 2 Required 3A Required 38 eBook Hint Print References Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Return On Total Assets Denominator: =Return On Total Assets " Return on total assets % < Required 2 Required 3B > % J