Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,200 88,200 111,500 10,600 279,000 $520,500 $ 35,250 $ 38,000 62,000 49,500 81,000 52,500 9,250 4,300 253,500 228,000 $441,000 $ 372,300 $129,200 $ 73,500 $ 51,200 96,000 160,500 134,800 $520, 500 101,250 81,400 160,500 160,500 105,750 79,200 $441,000 $ 372,300 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 $715,000 $443,300 221,650 11,900 9,300 686,150 $ 28,850 1 Yr Ago $ 610,000 $384,300 140,300 13,100 8.650 546,350 $ 63,650 $ 3.97 $ 1.80 (1-a) Profit margin ratio. (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 Profit margin ratio. Profit Margin Ratio 1 Choose Denominator: / Choose Numerator: 11 Profit Margin Ratio Profit margin ratio % Current Year: 1 Year Ago: 1 % Required 18 > Complete this question by entering your answers in the tabs below. Required 1A Required 18 Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin