Required information (The following information applies to the questions displayed below. Part 1 of 4 Simon Company's year-end balance sheets follow. 0.25 points 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,500 10, 700 278,500 $ 523,000 $ 35,625 $ 37,800 62,500 50, 200 82,500 54,000 9,375 5,000 255,000 230,500 $ 445,000 $ 377,500 eBook Hint $ 129,900 98,500 163,500 131,100 $ 523,000 $ 75,250 $ 51,250 101,500 83,500 163,500 163,500 104,750 79,250 $ 445,000 $ 377,500 Print References The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $673,500 $ 411,225 209,550 12,100 9,525 642,400 $ 31,100 $ 1.90 1 Yr Ago $ 532,000 $ 345,500 134,980 13,300 8,845 502,625 $ 29,375 $ 1.80 points (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? eBook Complete this question by entering your answers in the tabs below. Hint Required 1A Required 1B Print Profit margin ratio. References Profit Margin Ratio 1 Choose Denominator: Choose Numerator: Profit Margin Ratio 1 Profit margin ratio Current Year: 1 % 1 Year Ago: 1 % points For both the Current Year and 1 Year Ago, compute the following ratios: eBook (2) Total asset turnover. Hint Total Asset Turnover 1 Choose Denominator: Choose Numerator: Total Asset Turnover 1 = Total asset turnover Print Current Year: times 1 Year Ago: / = times References points Complete this question by entering your answers in the tabs below. eBook Required 3A Required 3B Hint Return on total assets. Return On Total Assets Print Choose Numerator: 1 Choose Denominator: Return On Total Assets / = Return on total assets % References Current Year: 1 1 Year Ago: 1 %