Question: Refer to Simon Company s financial information in Exercises 17 7 and

Refer to Simon Company’s financial information in Exercises 17-7 and 17-9. Evaluate the company’s efficiency and profitability by computing the following for 2014 and 2013:
In Exercise 17-7, Simon Company’s year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to the nearest one- tenth of a percent.

In Exercise 17-9, The company’s income statements for the years ended December 31, 2014 and 2013 follow. Assume that all sales are on credit and then compute:

(1) Profit margin ratio— percent rounded to one decimal,
(2) Total asset turnover— rounded to one decimal,
(3) Return on total assets— percent rounded to one decimal. Comment on these ratioresults.

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