Answer Happy

Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 $ 31,000 86,200 110, 500 10,350 281,000 $ 519,050 $ 35, 250 61,000 81,000 9,200 249,500 $ 435,950 $ 37,400 49,000 52,580 4,300 234,000 $ 377,200 $ 128,800 97,500 161,500 131,250 $ 519,050 $ 74,000 101,000 161,500 99,450 $ 435,950 $ 50,200 81,400 161,500 84, 100 $ 377,20 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Year 1 Year A
131,250 Y9,450 ketained earnings Total liabilities and equity 84,100 $ 377,200 $ 519,050 $ 435,950 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 $ 480,500 248,000 11,200 9,500 749,200 $ 25,800 1 Year Ago $ 620,000 $ 390,600 142,600 12,500 8,525 554,235 $ 65,775 $ 1.60 Earnings per share 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. for voreile 1 Year Ann?
Complete this question by entering your answers in the tabs below. Required 1A Required 1B Compute profit margin ratio for the current year and one year ago. Profit Margin Ratio 7 Denominator: Numerator: Profit Margin Ratio Profit margin ratio Net income 7 INet sales Current Year: S 25,8001 1 Year Ago: $ 65.77511 Required 1B >