00 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago Part 1 of 3 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 $ 31,200 89,700 112,500 10,750 276,000 $520,150 $ 35,500 $ 38,200 61,500 49,500 83,000 52,500 9,250 4,200 248,500 232,000 $437,750 $ 376,400 1 points Skipped $128,800 96,500 162,000 132,850 $520, 150 $ 75,250 $ 50, 600 98,500 80,400 162,000 162,000 102,000 83,400 $437,750 $ 376,400 eBook The company's income statements for the Current Year and 1 Year Ago, follow. Hint Print 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 Current Yr $745,000 $454,450 230,950 11,900 9,550 706,850 $ 38,150 $ 2.35 1 Yr Ago $ 600,000 $390,000 138,000 13,300 8,575 549,875 $ 50, 125 $ 3.09 References Required 1A Required 1B Profit margin ratio. Choose Numerator: Profit Margin Ratio 1 Choose Denominator: 1 II = Profit Margin Ratio Profit margin ratio 0 % 0 % / 11 Current Year: 1 Year Ago: 1 11 (2) Total asset turnover. Total Asset Turnover Choose Numerator: 1 Choose Denominator: 1 II Total Asset Turnover = Total asset turnover times times / Current Year: 1 Year Ago: 1 Required 3A Required 3B Return on total assets. Return On Total Assets Choose Numerator: Net income 1 Choose Denominator: 1 Current assets 1 = Return On Total Assets Return on total assets 0 % 0 % II Current Year: 1 Year Ago: / II Required 3A Required 3B >