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 $ 31,605 $ 36,578 65,291 82,048 90,694 116,311 10,077 281,687 99,710 $ 530,374 $ 134,704 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 162,500 133,460 $ 530,374 9,890 263,412 $ 457,219 $ 78,815 106,212 163,500 108,692 $ 457,219 For both the current year and one year ago, compute the following ratios: $38,498 52,887 54,104 4,234 243,077 $ 392,800 $51,331 85,073 162,500 93,896 $ 392,800 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 Current Year $ 689,486 $ 420,586 213,741 11,721 8,963 1 Year Ago $ 353,659 137,655 12,514 8,161 $544,091 Total costs and expenses Net income Earnings per share 655,011 $ 34,475 $ 2.12 For both the Current Year and 1 Year Ago, compute the following ratios: 511,989 $ 32,102 $ 1.98 For both the Current Year and 1 Year Ago, compute the following ratios: (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 3B4 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 ' %