Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 32,000 87,500 112,500 10,700 278, $520,700 $ 35,500 $ 37,200 63,500 50, eee 80, 200 52,500 9,5ee 5,200 254, 5ee 232, $443,200 $ 376,900 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 $129,600 $ 73,500 $ 58,600 95,500 163,500 132,100 $520, 700 101,750 83,600 163,500 163,500 184,450 79, 2ee $443,200 $ 376,900 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 $755, $445,450 234,05 11,700 9,300 700, 500 $ 54,500 $ 3.33 1 Yr Ago $ 620,000 $390,600 148, see 13,300 8,750 561,450 $ 58,550 $ 3.58 selling ratios 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 Rat Profit margin rati Current Year: 1 Year Ago: Required.IB_> Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin