Required Information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr1 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, sie par value Retained earnings Total liabilities and equity $ 32,000 86,980 110, 500 10,800 280,000 $520,200 $ 35,500 $ 37,600 61,500 50,500 81,290 53,500 9,400 4,400 251.500 251,500 229, eae $439,100 $375,000 $129,600 $ 72,500 $ 51,400 95,500 162,080 133, 100 $520,200 101,750 81, eae 162,000 162,00 102,850 88,600 $439,100 $375,00 The company's income statements for the Current Year and 1 Year Ago follow. For Year Ended December 31 Current Yr Sales $765,000 $ 580,eee Cost of goods sold $443,790 $365,488 Other operating expenses 237.150 139,200 Interest expense 12,3ee 12,988 Income tax expense 9.458 8.775 Total costs and expenses 702,58e Net income $ 62.400 Earnings per share 525 275 53725 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 1B Profit margin ratio. Profit Margin Ratio Choose Denominator Choose Numerator Profit Margin Ratio Profit margin ratio Current Year Year Aga Required 18 > (1-a) Profit margin ratio (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? 02 Complete this question by ent NE Required 1A Required 1B SE3 Did profit margin improve urrent Year versus 1 Year Ago? Profit margin DEL Required 38 > (3-a) Return on total assets (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 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