Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 28,479 $ 33,625 $ 34,326 Accounts receivable, net 83,373 58,844 45,768 Merchandise inventory 105,875 80,091 49,737 Prepaid expenses 9,449 8,827 4,009 Plant assets, net 260,388 238,927 219,960 Total assets $ 487,564 $ 420,314 $ 353,800 Liabilities and Equity Accounts payable $ 123,832 $ 69,612 $ 46,702 Long-term notes payable 88,912 98,606 78,972 Common stock, $10 par value 163,500 16

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.

Profit Margin Ratio
	Numerator:	/	Denominator:	=	Profit Margin Ratio
	Net income	/	Net sales	=	Profit margin ratio
Current Year:		/	$633,833	=		%
1 Year Ago:		/	$500,174	=		%

• Required 1A