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For both the current year and one year ago, compute the following ratios: Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow. Required information 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. $ 25,676 $ 30,941 $ 31,270 55,229 41,693 44,851 70,835 242, 886 221, 552 200, 834 448, 642 110,595 $ 64,55 $ 43,394 88,65 69,804 163,500 163,500 163,500 71 140 45 602 448, 642 18, 803 116,442 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Longterm notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 75, 183 96, 458 8, 439 82,658 91 889 1 Year Ago 8, 203 $ 386,760 $ 386,760 2 Years Ago 3,652 $ 322,300 $ 322,300 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 Year 1 Year Ago $ 355,773 9,915 7 582 $ 583, 235 $ 46,244 $ 299,159 10, 586 6,904 554, 073 433, 91 $ 27,153 $ 29, 162 s 1.79 $ 1.67 For both the Current Year and 1 Year Ago, compute the following ratios: (I-a) Profit margin ratio. (I-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-a) 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 Year Ago? Compute profit margin ratio for the current year and one year ago. Pont-Margin-RAtiQ Current Year: I Year Ago: Current Year: 1 Year Ago: Current Year: 1 Year Ago: Numerator: Numerator: Numerator. Denominator: Total Asset Turnover 1 Denominator: Return On Total Assets 1 Denominator: Profit Margin Rati Profit margin ratio 0/0 Total Asset Turnove Total asset turnover times times = Return On Total Assets Return on total assets