Simon Company's year-end balance sheets follow. Current Yr 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 $ 39,680 86,780 113,080 19,850 277, see $518,150 1 Yr Ago 2 Yrs Ago $ 36,000 $ 38,280 64,00 49,5ee 83,200 52,500 9,350 5,880 258,888 235, eee $450,550 $ 380,280 $129,680 $ 75,750 $ 51,280 97, cee 161,5ee 139,05e $518,150 99,500 84,080 161,500 161,5ee 113,800 83,500 $450,550 $ 380,280 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 $745, eee $454,450 238,950 11,700 9.30 796,480 $ 38,680 1 Yr Ago $ 590,080 $371,700 135,790 12,888 8,725 528,925 $ 61,75 $ 2.39 $ 3.78 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-10 Part 1 (1-a) Profit margin ratio. (1-1) 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 18 Profit margin ratio. Choose Numerator: Profit Margin Ratio 1 Choose Denominator: / Profit Margin Ratio Profit margin ratio 96 1 Current Year: 1 Year Ago: / = 96 Required 1A Required 1B > (2) Total asset turnover. Total Asset Turnover 1 Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover Current Year: = times 1 Year Ago: 1 times (3-0) 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 38 Return on total assets Return On Total Assets Choose Numerator: 1 Choose Denominator: Return On Total Assets Return on total assets 96 Current Year: 1 Year Ago: = 96