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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
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 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, $1e par value Retained earnings Total tilities zo sousty $ 32,888 36,980 112,586 12,480 282,280 $523,820 $ 35,250 $ 38,688 54,820 49,888 32,480 53,500 9,388 4,888 254,200 232, see 5442,950 5378, see $128,489 $ 74, cees 5e, 686 97,820 162,889 136,488 5523,282 98,252 33,00 162,200 162,209 12,182 82.900 5442,950 $ 378,900 The company's income statements for the current Year and 1 Year Ago follow Current y 5775,500 $450, 500 242, 253 1 Yr Ago $532,see S423, 222 357.520 For Year Ended December 33 Salas Cost of goods solo other operating expenses Interest expense Income tax expense Total costs and supenses 9,552 742.222 532, see 582.750 547 252 5 2.ez 5 2.32 sarangs per share For both the current Year and 1 Year Ago, compute the fo owing 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 18 Profit margin ratio. Profit Margin Ratio Choose Denominator Choose Numerator: Profit Margin Ratio Profit margin ratio % Current Year: - 11 1 Year Ago: % Required 1B > Complete this question by entering your answers in the tabs below. Required A Required to Did profit margin improve or worsen in the current Year versus 1 Year Ago? Profit margin
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