Compute profit margin ratio for the current Year and one year ago.

formation The following information applies to the questions displayed below, Simon Company's year-end balance sheets follow, December 31 Assets Cas S ecounts receivable, net ise inventory i expenses NOOOON assets net ies and Equity payable m notes payable stock, , $10 par value NOWNO earnings ties and equity he company's income statements for the Current Year and 1 Year Ago. follow December 32 THHOOD expenses 10 N 1 W exE ze and xpenses OT incom er share For both the Current Year and 1 Year Ago, compute the following ratios