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 The company's income statements for the Current Year and 1 Year Ago, follow. Exercise 13-10 (Algo) Part 1 [Alternate Version] (1-0) 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. Compute profit margin ratio for the current year and one year ago