Use the following information for the Exercises below. (Algo) [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 $31,933 95,415 $ 38,097 67,343 117,567 10,708 382,361 $ 557,984 $136,159 106,999 91,659 9,899 274,823 $481,021 $ 81,293 110,635 163,500 125,593 162,500 152,326 $ 557,984 $ 481,021 For both the current year and one year ago, compute the following ratios: 2 Years Ago $ 40,486 53,981 57,496 4,454 248,483 $ 404,900 $ 53,447 89,483 162,500 99,478 $ 484,900 Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Sales Current Year $ 725,379 Cost of goods sold $442,481 Other operating expenses 224,867 Interest expense 12,331 Income tax expense 9,438 Total costs and expenses 689,189 Net income $ 36,270 Earnings per share $ 2.23 1 Year Ago $372,070 144,821 13,166 8,586 $572,415 538,643 $33,772 $2.08 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. (3-6) 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 Complete this question by entering your answers in the tabs below.