Question: (1-a) 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-a) 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?

(2) Compute total asset turnover for the current year and one year ago.

(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?

(1-a) Compute profit margin ratio for the current year and one year

Sirmon Company's year-end balance sheets tollow. The company's income statements for the Current Year and 1 Year Ago, follow

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