Required Information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Current Year 1 Year Ago 2 Years Ago $ 28,257 81,898 $ 34,041 60,162 76,382 $ 34,417 45,434 47,899 3,900 212,550 104,022 9,564 264,968 $ 488,709 $ 421,301 $ 119,255 Longyterm notes payable. Common stock, $10 par value 162,500 113,239 $ 71,912 97,868 162,500 89,021 Total liabilities and equity $ 488,709 $ 421,301 Retained earnings 93,715 8,759 241,957 For both the current year and one year ago, compute the following ratios: $ 344,200 $ 44,980 74,547 162,500 62,173 $ 344,200 Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 bok (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (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. int ences Required 1A Required 18 Required 2 Required 3A Required 38 Compute profit margin ratio for the current year and one year ago. Numerator, Net income Current Year: 1 Year Ago: Profit Margin Ratio Denominator: Profit Margin Ratio Profit margin ratio Required 1A Required 1B > 0% (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (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 1A Required 18 Required 2 Required 3A Required 38 Compute total asset turnover for the current year and one year ago. Current Year: 1 Year Ago: Total Asset Turnover Numerator: Denominator: Net sales Total Asset Turnover Total asset turnover 0 times 0 times