Simon Companys year-end balance sheets follow.

(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 3A | Required 3B Return on total assets Return On Total Assets Choose Numerator: Choose Denominator: Return On Total Assets Return on total assets Current Year: 1 Year Ago: Required 3A Required 3B > (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover Current Year: times 1 Year Ago: times (1-a) Profit margin ratio. (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 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 > 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 86,300 113,000 10,500 278,000 $519,400 $ 36,000 62,000 81,200 9,250 255,000 $ 443,450 $ 38,000 50,500 53,500 4,800 232,000 $ 378,800 $ 128,400 $ 72,750 $ 51,400 96,000 161,000 134,000 $519,400 98,000 82,600 161,000 161,000 111,700 83,800 $ 443,450 $ 378,800 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 $ 765,000 $ 459,000 237,150 12,100 9,500 717, 750 $ 47,250 $ 2.93 1 Yr Ago $ 560,000 $ 358,400 128,800 12,800 8,900 508,900 $ 51,100 $ 3.17 For both the Current Year and 1 Year Ago, compute the following ratios