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q.13 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

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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? Complete this question by entering your answers in the tabs below. Compute profit margin ratio for the current year and one year ago. Did profit margin improve or worsen in the Current Year versus 1 Year Ago

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