Question: always gives a like Exercise 13-11 (Algo) Analyzing efficiency and profitability LO P3 [Alternate Version] [The following information applies to the questions displayed below.] Simon
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Exercise 13-11 (Algo) Analyzing efficiency and profitability LO P3 [Alternate Version] [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. The company's income statements for the Current Year and 1 Year Ago, follow. For both the Current Year and 1 Year Ago, compute the following ratios: Profit Margin Ratio Did profit margin improve or worsen in the Current Year versus 1 Yar Ago? Iotal Asset Tumover Return On Total Assots: \begin{tabular}{|l|l|l|l|l|l|} \hline & \multicolumn{1}{|c|}{ Numerator: } & 1 & Denominator: & = & Retum on total assets \\ \hline Current Year: & & 1 & & = & \\ \hline 1 Year Ago: & & 1 & & = & \\ \hline \end{tabular} Based on return on total asscets, did Simon's operating efficiency improve or worsen in the Current Year
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