[The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,000 88,200 111,000 11,000 277,000 $519,200 $ 35,250 $ 38,000 62,000 50,500 81,800 52,000 9,350 4,100 253,000 229,000 $441,400 $ 373,600 $128,800 $ 74,500 $ 50,800 97,500 98,250 81,600 163,500 163,500 163,500 129,400 105,150 77,700 $519,200 $441,400 $ 373,600 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $765,000 $ 590,000 Cost of goods sold $443,700 $377,600 Other operating expenses 237, 150 141,600 Interest expense 12,000 13,500 Income tax expense 9,600 8,900 Total costs and expenses 702,450 541,600 Net income $ 62,550 $ 48,400 Earnings per share $ 3.83 $ 2.96 yu, 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 1B Profit margin ratio. Choose Numerator: Profit Margin Ratio Choose Denominator: Current Year: 1 Year Ago: Profit Margin Ratio Profit margin ratio 0 0% 1 Required 18 ) 3 Net income Earnings per share $ 62,550 $ 3.83 $ 48,400 $ 2.96 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. ences Total Asset Turnover 1 Choose Denominator Choose Numerator: Total Asset Turnover Total asset turnover Current Year: --- times 1 Year Ago: times T Complete this question by entering your answers in the tabs below. Required 3A Required 38 ok Return on total assets Return On Total Assets nces Choose Numerator: Choose Denominatori Return On Total Assets Return on total assets % Current Year: 1 Year Ago: % Required 38 > Check 11 For both the Current Year and 1 Year Ago, compute the following ratios: Part 3 of 3 (3-a) Return on total assets. (3-6) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? 10 Dots Complete this question by entering your answers in the tabs below. lo Required 3A Required 38 eference Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Rauman total asset