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Exercise 17-10 Refer to Simon Compary's financial information in Excrcises 17-6 and 17-8. For both the current year and Analyzing efficiency and one year ago,
Exercise 17-10 Refer to Simon Compary's financial information in Excrcises 17-6 and 17-8. For both the current year and Analyzing efficiency and one year ago, compote the following ratios: (1) profit margin ratio-percent rounded to one decimal; did profitability profit mangin improve or wosen in the current year versus one year ago? (2) total asset turnover - rounded P3 to one decimal, and (3) return on total assets - percent rounded to one decimal. Based on return on fotal assets, did Simon's operating efliciency improve or worsen in the current year versus one year ago? (I Exercise 17-10 Refer to Simon Compary's financial information in Excrcises 17-6 and 17-8. For both the current year and Analyzing efficiency and one year ago, compote the following ratios: (1) profit margin ratio-percent rounded to one decimal; did profitability profit mangin improve or wosen in the current year versus one year ago? (2) total asset turnover - rounded P3 to one decimal, and (3) return on total assets - percent rounded to one decimal. Based on return on fotal assets, did Simon's operating efliciency improve or worsen in the current year versus one year ago? (I
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