Simons Company's year-end balance sheet follow.

Current Yr 1 Yr Ago 2 Yrs Ago S 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 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,200 87,100 111,500 10, 350 279,000 $518,150 $ 35,500 $ 37,400 63,500 50,000 80, 200 54,500 9, 250 4,200 252,000 233,000 $440,450 $ 379, 100 $128,800 $ 75,250 $ 50,600 95,000 163,000 131,350 $518,150 101,000 80,000 163,000 163,000 101,200 85,500 $440,450 $ 379, 100 The company's income statements for the Current Year and 1 Year Ago follow. $ 550,000 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 $745,000 $439,550 230,950 12,100 9,600 692,200 $ 52,800 $ 3.24 $352,000 132,000 12,600 8,950 505,550 $ 44,450 $ 2.73 For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio. (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 18 Profit margin ratio Profit Margin Ratio 1 Choose Denominator: Profit Margin Ratio Profit margin ratio Current Year: 1 Year Ago: Required 18 > (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: - Total Asset Turnover = Total asset turnover Current Year: times 1 Year Ago (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 Denominator: Choose Numerator: = Return On Total Assets Return on total assets Current Year: 1 Year Ago: Required an >