Required information The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow Current Yea 1 Yean A Years Ago At December 31 Assets Cash Accounts receivable, et Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long term notes payable Common stock, 510 par value Retained earnings Total liabilities and equity 5 32.000 87,200 110,500 10,350 280,000 $ 520,050 $35,750 63.000 80,400 9,500 25.500 446,150 $ 37,800 51.000 54,500 4,300 227,000 $375,200 129,200 97,500 162,000 131 350 520,050 $ 73,500 101.500 162,000 109, 150 5 446,150 $ 50,00 82,00 162,000 30,300 375,100 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 Earnings per share Current year 745,000 $ 456,450 230,400 12,800 9,500 710, 150 $ 30,50 1 year ago $630.000 53963900 151,200 13,100 0925 2011 5.59.675 51.00 13:20 For both the current Year and 1 Year Ago compute the following ratios (4-0) Compute profit margin ratio for the current year and one year ago (4-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. (1-0) Compute profit margin ratio for the current year and one year ago (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 Compute profit margin ratio for the current year and one year ago Pront Margin Radio Numerator Denominator Pront Margin Ratio Profit margin ratio Current Year: 1 Year Ago