Question: Having some issues with the problems below (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year
Having some issues with the problems below


(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. Profit Margin Ratio Choose Numerator: / Choose Denominator: = Profit Margin Ratio = Profit margin ratio Current Year: 1 Year Ago: Exercise 13-13 Analyzing efficiency and protability LO P3 {The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash 5 33,833 5 36,333 5 32,833 Accounts receivable, net 89,233 61,533 49,533 Merchandise inventory 112,533 83,233 54,333 Prepaid expenses 13,553 3,453 4,333 Plant assets, net 223,333 253,533 232,333 Total assets $521,553 $443,653 5 323,133 Liabilities and Equity Accounts payable 5123,433 5 25,253 5 53,833 Longterm notes payable secured by mortgages on plant assets 95,333 99,253 83,433 Common stock, 513 par value 163,333 163,333 163,333 Retained earnings 135,153 132,653 83,933 Total liabilities and equity 5521,553 5443,653 5 323,133 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 $225,333 5 613,333 Cost of goods sold $483,533 $393,433 3ther operating expenses 243,253 145,433 Interest expense 11,233 13,333 Income tax expense 9,333 3,825 Total costs and expenses 241,253 553,625 Net income 5 33,253 5 51,325 Earnings per share 5 2.34 5 3.15 For both the Current Year and 1 Year go, compute the following ratios: :ercise 13-13 Part 1 I1 Prot margin ratio. 1} Did profit margin improve or worsen in the Current Year versus 1 Year Ago
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