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 $ 31,000 87,300 110,500 10,950 279,000 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 $ 35,750 $ 38,600 63,500 49,500 82,400 54,000 9,400 5,500 257,000 231,000 $448,050 $ 378,600 $129,600 $ 74,000 $ 51,400 96,500 160,500 132,150 $518,750 98,750 80,800 160,500 160,500 114,800 8 5,900 $448,050 $ 378,600 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 Yr $775,000 $ 465,000 240, 250 11,900 9,550 726,700 $ 48,300 $ 3.01 1 Yr Ago $ 590,000 $365,800 147,500 13,100 8,900 535,300 $ 54,700 $ 3.41 For both the Current Year and 1 Year Ago, compute the following ratios: Required 1A Required 1B Profit margin ratio. Profit Margin Ratio 1 Choose Denominator: Choose Numerator: = Profit Margin Ratio Profit margin ratio Current Year: 1 Year Ago: Required 1A Required 1B > (2) Total asset turnover. Total Asset Turnover 1 Choose Denominator: Choose Numerator: - Total Asset Turnover Total asset turnover times Current Year: 1 Year Ago: times Required 3A Required 3B Return on total assets Return On Total Assets Choose Numerator: 1 Choose Denominator: = Return On Total Assets = Return on total assets Current Year: 1 Year Ago: