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 86,500 112,500 10,900 277,000 $ 517,100 $ 36,250 63,500 81,400 9,500 253,000 $ 443,650 $ 38,400 50,000 53,500 4,800 233,000 $ 379,700 $ 128,400 96,000 162,000 130,700 $ 517,100 $ 74,500 101,000 162,000 106,150 $ 443,650 $ 50,600 83,600 162,000 83,500 $ 379,700 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 Current Year $ 735,000 $ 448,350 227,850 11,900 9,500 697,600 $ 37,400 1 Year Ago $ 630,000 $ 403,200 144,900 12,800 8,850 569,750 $ 60,250 $ 3.72 Earnings per share $ 2.31 For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Compute profit margin ratio for the current year and one year ago. (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 Compute profit margin ratio for the current year and one year ago. Profit Margin Ratio Numerator: Denominator: = Profit Margin Ratio Profit margin ratio Current Year: % 1 Year Ago: Required 1B > Required information For both the Current Year and 1 Year Ago, compute the following ratios (1-a) Compute profit margin ratio for the current year and one year ago (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 (3-a) Compute return on total assets for the current year and one year ago. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Return on total assets