Simon Company's year-end balance sheets follow At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 30,600 $ 35, 250 $ 37,200 Accounts receivable, net 87,300 63,500 50,500 Merchandise inventory 111,500 81,600 54,800 Prepaid expenses 10,950 9,250 4,000 Plant assets, net 277,000 248,500 226,000 Total assets $ 517,350 $ 438,100 5 371,700 Liabilities and Equity Accounts payable $ 129,200 $ 73,750 $ 50,880 Long-term notes payable 97,500 98,500 83,200 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 128,150 103,350 75,200 Total liabilities and equity $ 517,350 $ 438,100 $ 371,700 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 745,000 $ 590,000 Cost of goods sold $ 454,450 $ 371,700 Other operating expenses 230,950 135,700 Interest expense 11,900 12,600 Income tax expense 9,400 8,925 Total costs and expenses 786,700 528,925 Net income $ 38,300 $ 61,075 Earnings per share $ 2.36 $ 3.76 Complete this question by entering your answers in the tabs below. Required 1A Requued 18 Compute profit margin ratio for the current year and one year ago. Profit Margin Ratib Numerator: Denominator: Profit Margin Ratio Profit margin ratio % % Current Year: 1 Year Ago: Required 10 >