[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 30,400 86,100 110,500 10,700 279,000 $ 516,700 96,000 $ 36,000 63,500 83,800 9,250 249,000 $ 441,550 $ 129,600 $ 74,250 100,000 164,000 103,300 164,000 127,100 $ 516,700 $ 441,550 $ 37,600 50,000 52,000 4,200 234,000 $ 377,800 $ 50,400 81,200 164,000 82,200 $ 377,800 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31. Sales Cost of goods sold Current Year $ 735,000 1 Year Ago $570,000 Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share $ 441,000 227,850 11,400 9,500 689,750 $ 45,250 $ 2.76 $ 359,100 136,800 12,500 8,875 517,275 $ 52,725 $ 3.21 For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Compute profit margin ratio for the current year and one year ago. (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 1B Compute profit margin ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Profit Margin Ratio Denominator: Profit Margin Ratio / Profit margin ratio % (1-a) Compute profit margin ratio for the current year and one year ago. (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 1B Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin < Required 1A Required 18 > es (2) Compute total asset turnover for the current year and one year ago. Current Year: 1 Year Ago: Total Asset Turnover Numerator: Denominator: = Total Asset Turnover Total asset turnover times. times (3-a) Compute return on total assets for the current year and one year ago. (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 Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Return On Total Assets Numerator: Denominator: = Return On Total Assets = = Return on total assets % (3-a) Compute return on total assets for the current year and one year ago. (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 Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Return on total assets: