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 $ 32,200 87,500 110,500 10,800 277,000 $518,000 $ 36,250 $ 38,400 62,000 49,500 83,800 54,500 9,350 4,800 257,000 232,000 $448,400 $ 379,200 $128,800 $ 74,000 $ 50,600 96,500 161,500 131,200 $518,000 101,500 81,600 161,500 161,500 111,400 85,500 $448,400 $ 379,200 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 $ 765,000 $ 459,000 237,150 11,400 9,600 717,150 $ 47,850 1 Yr Ago $ 590,000 $365,800 147,500 12,900 8,950 535,150 $ 54,850 $ 2.96 $ 3.40 For both the Current Year and 1 Year Ago, compute the following ratios: (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. Choose Numerator: Profit Margin Ratio 1 Choose Denominator: / = Profit Margin Ratio Profit margin ratio % = 1 Current Year: 1 Year Ago: 1 % (2) Total asset turnover. Choose Numerator: Total Asset Turnover 1 Choose Denominator: / II 11 Total Asset Turnover Total asset turnover times = Current Year: 1 Year Ago: 11 times (3-a) Return on total assets. (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 Return on total assets Return On Total Assets Choose Numerator: II I Choose Denominator: 1 II Return On Total Assets Return on total assets %. %. / = Current Year: 1 Year Ago: 11