ethics question 12

Homework: Ethics Assignment i 12 Part 1 of 3 2.14 points Skipped eBook Hint Print References Saved Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 36,000 Accounts receivable, net $ 37,800 $ 30,000 87,300 112,500 62,000 Merchandise inventory 50,500 82,400 53,500 Prepaid expenses 9,400 10,450 279,000 Plant assets, net 5,100 255,500 232,000 Total assets $ 519,250 $ 445,300 $ 378,900 Liabilities and Equity Accounts payable Long-term notes payable $ 72,250 100,750 $ 128,400 97,500 161,500 131,850 $ 51,400 81,800 Common stock, $10 par value 161,500 161,500 Retained earnings 110,800 84,200 Total liabilities and equity $ 519,258 $ 445,308 $ 378,900 The company's Income statements for the Current Year and 1 Year Ago, follow. Current Year 1 Year Ago For Year Ended: December 31 Sales $ 775,000 $ 449,500 Cost of goods sold Other operating expenses 240,250 $ 352,800. 134,400 13,208 Interest expense 11,700 Income tax expense 9,600 8,700 711,050 Total costs and expenses Net income $ 63,950 $ 3.95 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: (1-0) Compute profit margin ratio for the current year and one year ago. (1-b) Did profit margin Improve or worsen in the Current Year versus 1 Year Ago? Viowser $ 560,000 589,100 $ 58,900 $ 3.15 12 Part 1 of 3 214 points Sepped Book Him Prire O References Required information For both the Current Year and 1 Year Ago, compute the following ratios (1-a) Compute profit margin ratio for the current year and one year ago. (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 10 Compute profit margin ratio for the current year and one year ago. Profit Maris Ratio Numerator Current Year 1 Year Ago Denuminator Required 18 > Profit Margin Ratio Promargin ratio of 3 ces For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Compute profit margin ratio for the current year and one year ago. (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 18 Did profit margin improve or worsen in the Current Year versus 1 Year Ago?- Proft margin 14 of 14 Profit Margin Ratio Profit margin ratio Next > a) Compute profit margin ratio for the current year and one year ago. (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 Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin