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 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $31,000 87,200 $ 35,250 64,000 $ 37,800 50,000 82,400 9,300 110,500 10,300 280,000 $ 519,000 $ 129,200 96,000 163,000 130,800 $519,000 249,500 $ 440,450 $ 75,250 102,000 163,000 100, 200 $ 440,450 52,000 4,200 233,000 $377,000 $ 51,400 83,600 163,000 79,000 $377,000 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Year $ 745,000 Cost of goods sold $439,550 Other operating expenses 238,400 Interest expense 11,500 Income tax expense 9,550 Total costs and expenses Net income Earnings per share 699,000 $ 46,000 $ 2.82 1 Year Ago $ 358,400 140,000 13,000 8,850 $ 560,000 520,250 $ 39,750 $ 2.44 For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Compute profit margin ratio for the current year and one year ago. (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 18 Compute profit margin ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Profit Margin Ratio Denominator: =Profit Margin Ratio: Profit margin ratio 1 1 % % (2) Compute total asset turnover for the current year and one year ago. Current Year: 1 Year Ago: Total Asset Turnover Numerator: Denominator: = Total Asset Turnover = Total asset turnover = times times (3-a) Compute return on total assets for the current year and one year ago. (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 38 Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Return On Total Assets Numerator: Denominator: = Return On Total Assets = Return on total assets