Answer Happy

Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. 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 Current Year: 1 Year Ago: $ 394,004 200,231 Net sales $ $ Current Year Numerator: $ 29,901 10,980 8,397 S 35,294 85,811 59,965 184,687 80,824 9,629 266,824 243,063 9,175 645,908/ 509,702/ 1 Year 2 Years Ago Ago $ $ 496,852 428,321 $ $ 122,479 71,662 91,540 100,484 163,500 163,500 119,333 92,675 $ $ 496,852 428,321 Total liabilities and equity For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and 1 year ago, follow For Year Ended December 31 Current Year 1 Year Ago Sales $ 645,908 613,612 $ 32,296 $ 1.99 $ 331,306 128,955 36,036 46,182 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 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? (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? 50,685 3,887 216,610 11,723 7,646 $ 353,400 $ 47,582 76,539 Denominator: Average total assets 163,500 65,779 $ 353,400 Complete this question by entering your answers in the tabs below. Required Required Required Required Required 1A 18 2 3A 38 Compute total asset turnover for the current year and one year ago. Total Asset Turnover 509,702 479,630 $ 30,072 $ 1.85 Total Asset Turnover Total asset turnover 0 times 0 times

Numerator: Net income Current Year: $ 1 Year Ago: $ Return On Total Assets 32,296/ 30,072 / Denominator: Average total assets 11 HI 11 = Return On Total Assets Return on total assets 0% 0%