Question: For both the current year and 1 year ago, compute the following ratios: (1-a) profit margin ration (1-b) did profit margin improve or worsen in

For both the current year and 1 year ago, compute the following ratios: (1-a) profit margin ration (1-b) did profit margin improve or worsen in the current year versus pne year ago? (2) total asset turnover (3-a) return on total assets (3-b) based on return on total assets, did simons operatinh efficiency improve or worsen in the current year versus one year ago

worsen in the current year versus pne year ago? (2) total asset

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The company's income statements for the current year and 1 year ago, follow. For both the Current Yoar and 1 Year Ago, compute the following ratios: (1-a) Proft margin ratio. (1.b) Did profit margin improve of worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-a) Return on total assets. (3-b) Bnsed on return on totel assets, did Simon's operating efficiency improve or worsen in the Current Yeat versus 1 Year Ago? Complete this question by entering your answers in the tabs below, For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio: (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-a) Return on total assets. (3-b) Based on return on total assets, did Simch'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. Compute profit margin ratio for the current year and one year ago

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