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 $ 25,067 74,832 $ 29,301 52,303 $ 29,319 38,694 Retained earnings 88,606 8,234 228,130 68,437 7,461 208,764 $ 366,266 $ 62,518 85,926 162,500 55,322 For both the current year and one year ago, compute the following ratios: 43,342 3,224 187,621 $ 302,200 $ 40,289 66,786 162,500 32,625 $ 302,200 $ 424,869 $ 107,908 Long-term notes payable Common stock, $10 par value 80,674 163,500 72,787 Total liabilities and equity $ 424,869 $ 366,266 The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Total costs and expenses Net income Earnings per share Current Year 1 Year Ago $ 552,330 $ 435,857 $ 336,921 171,222 9,390 7,180 $ 283,307 110,272 10,025 6,538 524,713 $ 27,617 $ 1.70 410,142 $ 25,715 $ 1.58 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 1B Required 2 Required 3A Required 3B Compute profit margin ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Profit Margin Ratio Denominator: 1 =Profit Margin Ratio =Profit margin ratio % %