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SAME WORK PROBLEM , JUST DIFFERENT QUESTIONS FOR DIFFERENT PARTS OF THE PROBLEM

Required Information The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current YT 1 Yr 2 Yrs 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,000 89,100 112,000 10,900 279,000 $ 523,000 $ 36,000 $ 37,800 63,000 49,500 83,000 54,500 9,250 4,200 251,500 229,000 $442,750 $375,000 $129,600 $ 74,500 $ 51,600 96,000 161,000 136,400 $ 523,000 102,000 80,400 161.000 161,000 105,250 82,000 $442,750 $375,000 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 Earnings per share Current Yr $ 715,000 $ 429,000 228,800 12,200 9,500 679,500 $ 35,500 $ 2.20 1 Yr Ago $ 580,000 $ 359,600 133,400 13,100 8.600 514,700 $ 65,300 $ 4.06 For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? PIJ atempt, do not open until ready 252mghmiddleware252Fm 10 For Year Ended December 31 Salon Coat of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Earnings per share Current Yr 3715,000 $429,000 228,800 12,200 9.500 679,500 $ 35,500 $ 2.20 1 $ 580,000 $ 359,600 133,400 13,100 8,600 514,700 5 65,300 4.06 1 of 3 For both the Current Year and 1 Year Ago, compute the following ratios: 02:21:16 (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 18 Profit margin ratio. Profit Margin Ratio 1 Choose Denominator Choose Numerator: -Profit Margin Ratio Profit margin ratio % Current Year: 1 Year Ago: Required 18 > Next > 12 of 21 10 11 of 21 !!! 9,500 UJIU 8,600 ICOL EX expense Total costs and expenses Net income Earnings per share 679,500 $ 35,500 $ 2.20 514,700 $ 65,300 4.05 For both the Current Year and 1 Year Ago, compute the following ratlos: (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? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Return on total assets Return On Total Assets Choose Numerator: Choose Denominator: Return On Total Assets Return on total assets Current Year: 1 Year Ago: Required 3B > 12 of 21 BUU UUD Other operating expenses Interest expense Income tax expensa Total costs and expenses Net income Earnings per share $ 429,000 228,800 12,200 9,500 $ 359,600 133,400 13, 100 8,600 679,500 $ 35,500 $ 2.20 514,700 $ 65,300 $ 4.06 For both the Current Year and 1 Year Ago, compute the following ratios: (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? Complete this question by entering your answers in the tabs below. Required 3A Required 38 Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Retum on total assets Show All Items

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