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 Yes Ago 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,400 89, 100 110,500 10,900 279.000 $520,900 $36, 250 $ 37200 61,500 50, 500 83,200 52,500 9 450 4,500 253,500 229.000 $443,900 $373.700 $130,000 S 74,500 $ 51,400 96,500 163,000 131.400 $520,900 100 250 82,600 163.000 163,000 106VISO 76.200 $443.900 $ 3731,700 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 Current YE $ 785,000 $478,850 251,200 11,200 9,550 950.800 $ 34,200 1 Yr Ago $ 580,000 $365,400 133,400 13,400 8,600 520.800 $ 59.200 Earnings per share $ 2.10 S 63 Required 1A Required 13 Profit margin ratio. Profit Margin Ratio Choose Denominator: Choose Numerator 1 - Profit Margin Ratio Profit margin ratio % Current Year: 1 Year Ago: % Required 18 >