Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash $ 37,585 Accounts receivable, net 102,588 $ 43,080 76,884 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity 128,984 11,751 337,574 $ 618,482 113,949 163,500 182,411 Accounts payable $ 158,622 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 618,482 96,664 10,861 305,685 $ 533,174 $ 90,106 121,404 163,500 158,164 $ 533,174 For both the current year and one year ago, compute the following ratios: $ 43,556 56,924 61,855 4,887 268,378 $ 435,600 56,349 93,380 162,500 123,371 $ 435,600 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 1 Year Ago Current Year $ 804,027 $ 490,456 249,248 13,668 10,452 $ 412,410 160,523 14,593 9,517 763,824 $ 40,203 $ 634,477 597,043 $ 37,434 Earnings per share $ 2.47 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. $ 2.30 (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 1A Required 1B Required 2 Required 3A Required 3B 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 % % < Required 1A Required 1B >