Current Year 1 Year Ago 2 Years Ago 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 89,800 112,000 10,550 277,000 $ 520,550 $ 36,500 61,500 82,600 9,500 250,000 $ 440,100 $ 38,000 49,000 54,000 4,500 231,000 $ 376,500 $ 128,400 95,000 160,500 136,650 $ 520,550 $ 75,000 98,000 160,500 106,600 $ 440,100 $ 51,400 81,400 160,500 83,200 $ 376,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Year $ 775,000 $ 472,750 240,250 11,900 9,600 734,500 $ 40,500 $ 2.52 1 Year Ago $ 600,000 $ 384,000 144,000 13,000 8,650 549,650 $ 50,350 $ 3.14 Earnings per share Return On Total Assets Numerator: 1 Denominator: = Return On Total Assets 1 = II Return on total assets Current Year: / II = % 1 Year Ago: 1 = % Total Asset Turnover Numerator: 1 Denominator: = Total Asset Turnover 1 Total asset turnover Current Year: / II = times 1 Year Ago: / II times Profit Margin Ratio Numerator: / Denominator: = Profit Margin Ratio Profit margin ratio / = Current Year: 1 II = % 1 Year Ago: 1 II = %