Simon Company's year-end balance sheets follow. Current Y 1 Yr Ago 2 Yrs Ago $ 31, 600 86,300 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 10, 250 277,000 $517,150 $ 36,250 $ 38,000 61,000 51,000 82,400 55,000 9,300 4,300 256,000 229,000 $444,950 $ 377, 300 $128, 800 $ 73, 750 $ 50,800 97,000 160,500 130, 850 $517,150 102,000 81,200 160, 500 160,500 108, 700 84,800 $444,950 $ 377, 300 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $725,000 $449,500 224,750 11,600 9, 350 695, 200 $ 29,800 $ 1.86 1 Yr Ago $ 560,000 $358,400 134,400 13, 400 8,775 514,975 $ 45,025 $ 2.81 For both the Current Year and 1 Year Ago, compute the following ratios: 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? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Profit margin ratio. Profit Margin Ratio 1 Choose Denominator: Choose Numerator: = Profit Margin Ratio Profit margin ratio Current Year: 1 Year Ago: Reme Required 1B > 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? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin