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[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years

[The following information applies to the questions displayed below.]

Simon Company's year-end balance sheets follow.

At December 31 Current Year 1 Year Ago 2 Years Ago
Assets
Cash $ 29,976 $ 33,998 $ 36,131
Accounts receivable, net 86,020 58,890 46,757
Merchandise inventory 110,316 81,028 50,808
Prepaid expenses 9,749 9,289 3,975
Plant assets, net 266,978 250,449 220,129
Total assets $ 503,039 $ 433,654 $ 357,800
Liabilities and Equity
Accounts payable $ 121,499 $ 73,288 $ 48,174
Long-term notes payable 92,680 101,735 81,446
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 126,360 96,131 65,680
Total liabilities and equity $ 503,039 $ 433,654 $ 357,800

For both the current year and one year ago, compute the following ratios:

The companys income statements for the current year and 1 year ago, follow.

For Year Ended December 31 Current Year 1 Year Ago
Sales $ 653,951 $ 516,048
Cost of goods sold $ 398,910 $ 335,431
Other operating expenses 202,725 130,560
Interest expense 11,117 11,869
Income tax expense 8,501 7,741
Total costs and expenses 621,253 485,601
Net income $ 32,698 $ 30,447
Earnings per share $ 2.01 $ 1.87

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Compute profit margin ratio for the current year and one year ago. Compute total asset turnover for the current year and one year ago. Compute return on total assets for the current year and one year ago

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