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 Current Year 1 Year Ago 2 Years Ago $ 36,102 $ 41,373 73,850 104,636 127,690 11,284 320,194 $ 599,906 95,675 18,643 295,619 $ 517,160 $ 41,398 57,451 59,985 4,741 263,125 $ 426,700 Accounts payable $ 150,870 Long-term notes payable Common stock, $10 par value Retained earnings 110,527 163,500 175,009 $ 84,778 115,378 162,500 154,504 Total liabilities and equity $ 599,906 $ 517,160 For both the current year and one year ago, compute the following ratios: $ 56,888 97,130 163,500 109,182 $ 426,700 $ 615,420 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 Current Year $ 475,726 241,762 13,258 10,138 $ 779,878 1 Year Ago $ 400,023 155,701 14,155 Total costs and expenses Net income 9,231 740,884 $ 38,994 $2.40 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: 579,110 $ 36,310 $ 2.23 Current Year: 1 Year Ago:1 Numerator: Profit Margin Ratio 1 Denominator: = Profit Margin Ratio Profit margin ratio 96 Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin Compute total asset turnover for the current year and one year ago. Total Asset Turnover Current Year: 1 Year Ago: Numerator: Denominator: = Total Asset Turnover = Total asset turnover = times = times Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Return On Total Assets Denominator: Return On Total Assets = Return on total assets % % 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