[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 Current Year 1 Year Ago 2 Years Ago 138,306 $ 37,585 $ 44,364 $ 43,987 108,933 75,376 58,649 97,612 50,000 11,985 11,420 327,737 $624,546 309,630 4,935 268,029 $538,402 Accounts payable $ 153,957 Long-term notes payable 113,892 $ 89,170 122,594 Common stock, $10 ar value 163,500 163,500 162,500 Retained earnings 193,197 163,138 117,983 Total liabilities and equity $624,546 $538,402 $435,600 Liabilities and Equity $ 435,600 $ 56,924 98,193 For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and 1 year ago, follow. Current Year $ 811,910 1 Year Ago $ 640,698 For Year Ended December 31 Sales Cost of goods sold $495,265 $416,454 Other operating expenses 251,692 Interest expense 13,802 162,097 14,736 Income tax expense 10,555 9,610 Total costs and expenses 771,314 Net income $ 40,596 602,897 $37,801 Earnings per share $ 2.50 2.33 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? (2) Total asset turnover. (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 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2 Required 3A Required 38 Compute profit margin ratio for the current year and one year ago. Profit Margin Ratio Numerator: Denominator: Profit Margin Ratio Profit margin ratio Current Year: % 1 Year Ago: % Required 1A Required 1B Required 2 Required 3A Required 3B Compute total asset turnover for the current year and one year ago. Current Year: 1 Year Ago: + Numerator: Total Asset Turnover Total Asset Denominator Turnover Total asset turnover times 0 times Required 1A Required 18 Required 2 Required 3A Required 38 Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Return On Total Assets Denominator: Return On Total Assets Return on total assets 0 0