[The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago 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 $ 30,200 87,400 112,000 10,850 280,000 $520,450 $ 129,200 97,500 161,000 132,750 $ 528,450 $ 35,750 62,500 81,600 9,400 256,500 $445,750 $ 73,500 100,000 161,000 111,250 $445,750 $ 38,000 50,500 54,500 5,400 226,000 $ 374,400 $ 51,400 60,400 161,000 $1,600 $ 374,400 The company's Income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Year 1 Year Ago sales $ 715,000 $ 600,000 Cost of goods sold $421,850 other operating expenses 221,650 Interest expense 12,400 $372,000 150,000 13,300 Income tax expense 9,558 8,650 Total costs and expenses Net income 665,458 $ 49,558 Earnings per share $9.00 543,958 $ 56,ese $3.48 For both the Current Year and 1 Year Ago, compute the following ratios: (1-8) 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 18 Compute profit margin ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Profit Margin Ration Denominator Profit Margin Ratio Profit margin ratio (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 fumover times times 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 % % Required 3B >