Question: For both the current year and one year ago, compute the following ratios:Exercise 1 3 - 1 0 ( Algo ) Analyzing efficiency and profitability

 For both the current year and one year ago, compute the

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.
\table[[For Year Ended December 31,Curre,Year,1 Year Ago],[Sales,,$673,895,,$531,787],[Cost of goods sold,$411,076,,$345,662,],[Other operating expenses,208,907,,134,542,],[Interest expense,11,456,,12,231,],[Income tax expense,8,761,,7,977,],[Total costs and expenses,,640,200,,500,412],[Net income,,$33,695,,$31,375],[Earnings per share,,$2.07,,$ 1.93]]
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 Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago?
following ratios:Exercise 13-10(Algo) Analyzing efficiency and profitability LO P3 The company's income

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