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need done asap Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. The company's income statements for
need done asap
Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. The company's income statements for the current year and 1 year ago, follow. For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Compute profit margin ratio for the current year and one year ago. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Profit Margin Ratio } \\ \hline & Numerator: & 1 & Denominator: & = & \multicolumn{2}{|c|}{ Profit Margin Ratio } \\ \hline & & 1 & & = & \multicolumn{2}{|c|}{ Profit margin ratio } \\ \hline Current Year: & & 1 & & = & 0 & % \\ \hline 1 Year Ago: & & 1 & & = & 0 & % \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Total Assot Turnover } \\ \hline & Numerator: & 1 & Denominator: & = & Total Asset Turnover \\ \hline & & 1 & & = & Total asset turnover \\ \hline Current Year: & & 1 & & = & times \\ \hline 1 Year Ago: & & 1 & & = & times \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|r|} \hline & \multicolumn{3}{|c|}{ Return On Total Assets } \\ \hline & Numerator: & Denominator: & = & Return On Total Assets \\ \hline & & & = & Return on total assets \\ \hline Current Year: & & 1 & & = & 0% \\ \hline 1 Year Ago: & & 1 & & = & 0 \\ \hline \end{tabular} Step by Step Solution
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