[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At...

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[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 $31,879 94,261 $ 36,887 114,995 10,162 294,481 $545,778 $138,617 99,528 163,500 144,133 67,187 87,913 10,078 268,433 $ 470,498 $ 78,719 104,968 162,500 124,311 $ 545,778 $ 470,498 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. 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 $ 39,200 50,218 55,676 4,270 238,836 $ 388,200 $ 52,267 84,076 162,500 89,357 $ 388,200 1 Year Ago Current Year $ 709,511 $ 432,802 219,948 12,062 9,224 $363,930 141,653 12,878 8,398 674,036 $ 35,475 $2.18 $559,893 526,859 $ 33,034 $2.03 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. For both the Current Year and 1 Year Ago, compute the following ratios (1-0) Profit margin ratio (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover (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 tahr hofnu [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 $31,879 94,261 $ 36,887 114,995 10,162 294,481 $545,778 $138,617 99,528 163,500 144,133 67,187 87,913 10,078 268,433 $ 470,498 $ 78,719 104,968 162,500 124,311 $ 545,778 $ 470,498 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. 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 $ 39,200 50,218 55,676 4,270 238,836 $ 388,200 $ 52,267 84,076 162,500 89,357 $ 388,200 1 Year Ago Current Year $ 709,511 $ 432,802 219,948 12,062 9,224 $363,930 141,653 12,878 8,398 674,036 $ 35,475 $2.18 $559,893 526,859 $ 33,034 $2.03 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. For both the Current Year and 1 Year Ago, compute the following ratios (1-0) Profit margin ratio (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover (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 tahr hofnu