Refer to Simon Company's financial information in Exercises 13-6 and 13-8. Simon Company's year-end balance sheets follow.
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Refer to Simon Company's financial information in Exercises 13-6 and 13-8.
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. Analyze and comment on the results.
Evaluate the company's efficiency and profitability by computing the following for 2016 and 2015:
(1) Profit margin ratio-percent rounded to one decimal,
(2) Total asset turnover-rounded to one decimal, and
(3) Return on total assets - percent rounded to one decimal. Comment on these ratio results?
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Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild
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