Saved 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 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 $ 31,600 87,900 112,000 10,550 282,000 $524,050 $ 35,500 $ 37,200 62,000 51,000 82,400 53,500 9,250 4,700 250, 500 234,000 $439,650 $ 380,400 $129,600 $ 74,000 $50,400 97,000 160,500 136,950 $524,050 100,750 83,400 160,500 160,500 104,400 86, 100 $439,650 $ 380,400 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 $ 705,000 $437,100 218,550 11,700 9,300 676,650 $ 28,350 1 Yr Ago $ 590,000 $377,600 147,500 13,500 8,750 547,350 $ 42,650 $ 1.77 $ 2.66 For both the Current Year and 1 Year Ago, compute the following ratios: Tear Agor Complete this question by entering your answers in the tabs below. Book Required 1A Required 1B Hint Profit margin ratio. Print Choose Numerator: Profit Margin Ratio 1 Choose Denominator: Net sales Profit Margin Ratio Profit margin ratio 0 % Current Year: 1 Year Ago: 0 % Required 14 Required 1B > Complete this question by entering your answers in the tabs below. Required 1A Required 1B Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin Worsened (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? ok Complete this question by entering your answers in the tabs below. 1 Required 3A Required 38 Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Ratum on total assets Worsened Required JA Read