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 Total liabilities and equity Current Year Interest expense Income tax expense Total costs and expenses Net income $ 31,400 87,400 110,500 10,800 276,000 $ 516,100 $ 128,400 97,500 163,500 126,700 $ 516,100 Current Year 1 Year Ago $ 35,250 63,500 81,000 9,350 257,500 $ 446,600 $ 414,700 221,650 12,300 9,350 $ 74,250 101,750 163,500 107,100 $ 446,600 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 $ 715,000 658,000 $ 57,000 $ 3.49 2 Years Ago $ 38,200 49,500 52,500 5,100 232,000 $ 377,300 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: $ 51,000 81,000 163,500 81,800 $ 377,300 1 Year Ago $ 384,000 144,000 12,700 8,900 $ 600,000 549,600 $ 50,400 $ 3.08
(1-0) Compute profit margin ratio for the current year and one year ago. (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 Compute profit margin ratio for the current year and one year ago. Profit Margin Ratio Current Year: 1 Year Ago: Numerator: Denominator: Required 18 > Profit Margin Ratio Profit margin ratio % %
(1-0) Compute profit margin ratio for the current year and one year ago. (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 Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin < Required 1A Rerpipisd 111E
(2) Compute total asset turnover for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Total Asset Turnover 1 Denominator: = Total Asset Turnover Total asset turnover times times
(3-a) Compute return on total assets for the current year and one year ago. (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 Compute retum on total assets for the current year and one year ago. Return On Total Assets Current Year: 1 Year Ago: Numerator: Denominator: Required 38 > Return On Total Assets Return on total assets
(3-a) Compute return on total assets for the current year and one year ago. (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? Return on total assets < Required 3A Recubre 30E