Refer to Simon Companys financial information in Exercises 17-7 and 17-9. Evaluate the companys effi ciency and
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Refer to Simon Company’s financial information in Exercises 17-7 and 17-9. Evaluate the company’s effi¬ ciency and profitability by computing the following for 2014 and 2013: (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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Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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