Simon Companys year-end balance sheets follow.

At December 31	Current Yr					1 Yr Ago			2 Yrs Ago
Assets
Cash		$	32,935			$	38,498		$	38,545
Accounts receivable, net			89,200				62,800			51,100
Merchandise inventory			114,000				85,000			51,000
Prepaid expenses			10,606				10,106			4,283
Plant assets, net			295,220				270,804			233,072
Total assets		$	541,961			$	467,208		$	378,000
Liabilities and Equity
Accounts payable		$	138,997			$	81,327		$	51,393
Long-term notes payable secured by mortgages on plant assets			104,945				110,682			86,044
Common stock, $10 par value			162,500				162,500			162,500
Retained earnings			135,519				112,699			78,063
Total liabilities and equity		$	541,961			$	467,208		$	378,000

The companys income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit:

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	704,549					$	555,978
Cost of goods sold	$	429,775					$	361,386
Other operating expenses		218,410						140,662
Interest expense		11,977						12,787
Income tax expense		9,159						8,340
Total costs and expenses					669,321						523,175
Net income				$	35,228					$	32,803
Earnings per share				$	2.17					$	2.02

Profit margin ratio.

Profit Margin Ratio
	Choose Numerator:	/	Choose Denominator:	=	Profit Margin Ratio
		/		=	Profit margin ratio
Current Year:		/		=		%
1 Year Ago:		/		=		%

Improved or Worsen?

Total Asset Turnover
	Choose Numerator:	/	Choose Denominator:	=	Total Asset Turnover
		/		=	Total asset turnover
Current Year:		/		=		times
1 Year Ago:		/		=		times

Return on total assets

Return On Total Assets
	Choose Numerator:	/	Choose Denominator:	=	Return On Total Assets
		/		=	Return on total assets
Current Year:		/		=		%
1 Year Ago:		/		=		%

• Required 3A

Imroved or Worsen