Simon Company's year-end balance sheets follow Current Year 1 Year Ago 2 Years Ago 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,200 88,300 111,000 10,700 278,000 $ 518, 209 $ 36,250 63,000 82,200 9,300 253,500 $444,250 $ 37,000 50,500 55,000 4,900 231,000 $ 378,409 $ 128,800 97,500 163,000 128,900 $ 518,200 $ 73,000 101,800 163,000 107,250 $ 444,250 $ 50,600 80,000 163,000 84,800 $ 378,400 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 Year $ 725,000 $ 420,500 224,750 12,200 9,450 666,900 $ 58,100 1 Year Ago $630,000 $ 403,200 151,200 13,000 8,700 576, 100 $ 53,900 $ 3.31 $ 3.56 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-10 (Algo) Part 1 (Alternate Version] (1-a) Compute profit margin ratio for the current year and one year ago. (1-6) 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 Compute profit margin ratio for the current year and one year ago