Required Information The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets $ 3.80 88, see 118, see 10,55 279,20 $519,650 $ 36, $ 37,620 62, 49, see 84, ese 54, Bee 9,450 5 , 480 251,000 228, 22 $442,450 $ 374,500 Accounts receivable, net Merchandise inventory Prepaid cxpenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 128, Bee $ 75, eae $ 58,888 96. see 161. see 133,652 $519,650 98, 250 88,60 161. See 1 61. see 107,700 81,60e $442,450 $ 374, see The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current YT $ 755, se 5468,180 234,85e 12,480 9,55e 724, 10e 1 Yr Ago $ 59e, eee $365, see 147,500 12,820 Cast of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income $34.925 $ 55, e7s Earnings per share 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? Complete this question by entering your answers in the tabs below. Required 1A Required 13 Profit margin ratio. Profit Margin Ratio Choose Denominator: Choose Numerator: = Profit Margin Ratio - Profit margin ratio Current Year 1 Year Ago: LUPIHIL HIMIVV VI VICTR ICICI LOUIEU AYU! Complete this question by entering your answers in the tabs below. Required 1A Required 1B Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Return on total assets (Required 3A Required 3B